Estimated Revenue by Commodities Handled: Grains, Alcohol, and Tobacco Products for Truck Transportation, All Establishments, Employer Firms
RPCGATEF484ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,697.00
Year-over-Year Change
68.54%
Date Range
1/1/2015 - 1/1/2022
Summary
This economic trend tracks the estimated revenue generated by truck transportation companies that handle grains, alcohol, and tobacco products. It provides insights into the performance and demand within this specific commodities sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Estimated Revenue by Commodities Handled: Grains, Alcohol, and Tobacco Products for Truck Transportation, All Establishments, Employer Firms trend offers a valuable indicator of economic activity and transportation logistics for these critical commodity groups. It is used by analysts and policymakers to assess market conditions and transportation infrastructure needs.
Methodology
The data is collected through surveys of truck transportation companies and establishments.
Historical Context
This metric is closely watched by transportation and logistics firms, as well as government agencies overseeing economic and infrastructure policy.
Key Facts
- Truck transportation accounts for over 70% of freight movement in the U.S.
- Grains, alcohol, and tobacco are major commodity groups handled by the trucking industry.
- Revenue from these commodities can indicate broader economic and supply chain trends.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the estimated revenue generated by truck transportation companies that handle shipments of grains, alcohol, and tobacco products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the performance and demand within a key commodities sector, which is useful for assessing broader economic conditions and transportation infrastructure needs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of truck transportation companies and establishments.
Q: How is this trend used in economic policy?
A: This metric is closely watched by transportation and logistics firms, as well as government agencies overseeing economic and infrastructure policy.
Q: Are there update delays or limitations?
A: There may be some time lags in data reporting, but the series provides a timely and comprehensive view of this important transportation sector.
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Citation
U.S. Federal Reserve, Estimated Revenue by Commodities Handled: Grains, Alcohol, and Tobacco Products for Truck Transportation, All Establishments, Employer Firms (RPCGATEF484ALLEST), retrieved from FRED.