Total Motor Carrier Revenue for Truck Transportation, All Establishments, Employer Firms
RPCTMCEF484ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
414,693.00
Year-over-Year Change
63.47%
Date Range
1/1/2015 - 1/1/2022
Summary
This trend measures the total revenue generated by motor carriers in the truck transportation industry across all employer firms. It is a key indicator of economic activity and demand for freight services.
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 total motor carrier revenue for truck transportation represents the overall sales and receipts from transportation services provided by trucking companies. This metric is used by economists and policymakers to assess the health and performance of the freight transportation sector.
Methodology
The data is collected through surveys of motor carrier establishments by the U.S. Census Bureau.
Historical Context
This trend provides insight into consumer and business demand for freight transportation, which is an important component of economic growth and trade.
Key Facts
- The truck transportation industry accounts for over 80% of total U.S. freight movement.
- Motor carrier revenue reached a record high of $875 billion in 2021.
- Trucking is the primary mode of freight transportation for both domestic and international trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by motor carriers in the truck transportation industry across all employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and performance of the freight transportation sector, which is a critical component of economic activity and trade.
Q: How is this data collected or calculated?
A: The data is collected through surveys of motor carrier establishments conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the state of the freight transportation industry and its impact on the broader economy, informing decisions related to infrastructure, trade, and economic policy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Motor Carrier Revenue for Truck Transportation, All Establishments, Employer Firms (RPCTMCEF484ALLEST), retrieved from FRED.