Tractors - Leased Without Drivers for Truck Transportation, All Establishments, Employer Firms
TTTLWDAEEF72484 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.00
Year-over-Year Change
13.68%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the number of tractors leased without drivers for truck transportation, an important indicator of commercial freight activity and capital investment.
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 Tractors - Leased Without Drivers for Truck Transportation, All Establishments, Employer Firms metric tracks the total number of tractors leased by businesses for use in commercial freight transportation. It provides insights into capital expenditures and operational dynamics within the trucking industry.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend is closely watched by transportation economists, logistics analysts, and policymakers for its implications on the broader economy.
Key Facts
- The data is reported on a monthly basis.
- Tractor leasing is a proxy for capital spending in the freight industry.
- Trends in this metric can indicate changes in commercial transportation activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of tractors leased by businesses for use in commercial freight transportation, without the lease of drivers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into capital investment and operational dynamics within the trucking industry, which is a key indicator of broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely watched by transportation economists, logistics analysts, and policymakers for its implications on the broader economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with potential for minor delays in publication.
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Citation
U.S. Federal Reserve, Tractors - Leased Without Drivers for Truck Transportation, All Establishments, Employer Firms (TTTLWDAEEF72484), retrieved from FRED.