NOTE: The final issue of this report was December 2002. These reports are provided
as a historical reference. A minimal number of indicators are being updated in the
White House Economic Statistics Briefing Room.
| Personal spending on motor vehicles and parts
rose 16 percent in the fourth quarter of 2001 compared to the previous
quarter. |
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| Producer prices for crude petroleum and
petroleum products both fell by 16 percent in the 12 months
ending in March 2002, for a cumulative decline of 29 percent
in crude petroleum and 20 percent in petroleum products since
March 2000, but prices have been rising since January. |
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| March 2002 producer prices for motor freight
transportation rose by 0.5 percent from March 2001, the slowest
12-month increase in
the 9 years tracked by this report. |
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| March 2002 prices for highway and street
construction dropped by 4 percent from March 2001, the third sharpest
drop in the 10 years tracked by this report. |
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| Earnings of passenger transportation
arrangers were up 8 percent in real terms in the 12 months
ending in February 2002. This is an acceleration of a trend
in which these wages increased by 3 percent per year (in real
terms) since 1992, far more, on average, than increases
for any other transportation occupations. |
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| Railroad labor productivity
expressed in train-miles per employee hour was up 5
percent in January 2002 compared to January 2001. |
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| Air carrier losses for
calendar year 2001 resulted in a real return on assets over
the last year of –7 percent, the lowest value in the 10 years
tracked by this report. Between fourth quarter 2000 and
fourth quarter 2001, operating revenues fell by 33 percent
while operating expenses fell by 14 percent. (These
statistics and the historical data used for comparison
exclude American Airlines, Federal Express, Southwest,
and TWA who had not yet filed fourth quarter 2001 data
at the time of this report.) |
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| Manufacturers’ new orders
for transportation equipment jumped 10 percent between January
and February 2002 in seasonally adjusted terms, while new orders
for all manufacturing were essentially unchanged. |
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| Between the week ending March 8, 2002 and the
week ending April 5, world crude oil prices rose 21 percent. |
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| Jet fuel prices for both scheduled and
nonscheduled airlines in February were both down more than 25 percent
from their February 2001 prices. |
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| International jet fuel prices were down 12
percent for nonscheduled airlines and 28 percent for scheduled
airlines in February 2002 compared to the same month last year. |
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| The value of U.S. –Canada trade carried by
trucks was 9 percent lower in January 2002 than in January 2001; the
value of trade moved by rail was down 7 percent, and for pipeline,
down 49 percent,. The value of U.S.—Mexico truck and rail trade was
also down 6 percent and 3 percent respectively, in comparison
to January 2001. |
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| The size of the U.S. trade deficit in
international airfares and ocean liner fares fell 46 percent in
the fourth quarter 2001 from the previous quarter. |
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| Transportation energy consumption was 6 percent
lower in December 2001 than in December 2000. |
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| Net petroleum imports decreased 8 percent
in February 2002 compared to February 2001, while U.S. petroleum
production increased 5 percent during the same time period. |
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| New Indicators
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| U.S. Balance of Trade in Goods and Services |
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| U.S. Balance of Trade with Canada and Mexico |
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| U.S. Balance of Trade with Asia |
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| U.S. Balance of Trade in Transportation Goods and Services |
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| International Space Launches |
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The validity of these statements has not been statistically
tested. BTS is designing a statistical monitoring process in order to
apply statistical quality control techniques to the indicators data.
