Income and profit are two measures of an industrys performance. Income growth of transportation industries has flattened out since the second quarter of last year. A 1.3 percent decrease was experienced in the third quarter of this year. Stagnant growth caused a sharp dip in transportation industries profit. In the third quarter 2001, the profit of transportation industries reached its lowest margin since the third quarter of 1992.
|For-Hire Transportation Industries||Q2 01||Q3 01|
|Income (billions of dollars)||60.50||59.73|
|Income percent change from previous quarter||-0.98||-1.28|
|Profit (billions of dollars)||0.83||0.23|
|Profit percent change from previous quarter||-35.29||-72.73|
NOTES: For-hire transportation includes establishments providing passenger and freight transportation and related services on a fee basis to the general public or other business enterprises. For-hire does not include in-house transportation establishments within non-transportation enterprises, which provide transportation services for the enterprises own use.
Income of a for-hire transportation industry is the difference between its revenue and the cost of its intermediate inputs (or goods and services consumed in providing transportation services). If an industry has no operations in foreign countries and its income comes entirely from its production activities (in contrast to, for example, financial activities), its income would be the same as its contribution to Gross Domestic Product.
SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis, estimates based on Survey of Current Business, Dec. 21, 2001, NIPA Table 6.1C and Table 6.16C.