Expenses for Truck Transportation, All Establishments, Employer Firms
TTEAEEF3484 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355,477.00
Year-over-Year Change
97.07%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the expenses incurred by U.S. employer firms for truck transportation services, providing insight into a key component of business logistics and supply chain costs.
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 Expenses for Truck Transportation metric tracks the total dollar amount spent by businesses on hiring trucks and related transportation services. This data point is closely watched by economists and policymakers as it reflects the operational costs and efficiency of the logistics sector.
Methodology
The data is collected through surveys of U.S. employer firms across various industries.
Historical Context
Truck transportation expenses are a leading indicator of broader economic activity and business investment.
Key Facts
- Truck transportation is a major business expense, accounting for over 5% of total U.S. logistics costs.
- Expenses for truck transport have risen by over 25% in the past decade, reflecting increased demand and higher fuel/labor costs.
- The trucking industry employs over 3.5 million Americans, making it a key part of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar amount spent by U.S. businesses on hiring trucks and related transportation services.
Q: Why is this trend relevant for users or analysts?
A: Truck transportation expenses are a leading indicator of broader economic activity and business investment, providing insight into logistics costs and supply chain dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer firms across various industries.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor truck transportation expenses as a signal of overall business conditions and the health of the logistics sector.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a delay of approximately 3 months.
Related Trends
Total Admissions Revenue for Performing Arts Companies, Establishments Subject to Federal Income Tax
ADM7111TAXABL157QNSA
Export Revenue for Environmental Consulting Services, All Establishments, Employer Firms
ERVEF54162ALLEST
Revenue from Households for Advertising, Public Relations, and Related Services, Establishments Subject to Federal Income Tax
HHD5418TAXABL144QNSA
Total Revenue for Utilities, Establishments Subject to Federal Income Tax
REV22TAXABL144QNSA
Total Revenue for Social Assistance, All Establishments
REV624ALLEST144QNSA
Total Revenue for Investment Banking and Securities Dealing, Establishments Subject to Federal Income Tax, Employer Firms
REVEF52311TAXABL
Citation
U.S. Federal Reserve, Expenses for Truck Transportation, All Establishments, Employer Firms (TTEAEEF3484), retrieved from FRED.