TRANSPORTATION INDUSTRY PROFIT AND INCOME

TRANSPORTATION INDUSTRY PROFIT AND INCOME

Income of For-Hire Transportation Industries (quarterly data, before adjustment for capital depreciation, seasonally adjusted)

Income of For-Hire Transportation Industries (quarterly data, before adjustment for capital depreciation, seasonally adjusted)

Corporate Profit of For-Hire Transportation Industries (quarterly data, seasonally adjusted)

Corporate Profit of For-Hire Transportation Industries (quarterly data, seasonally adjusted)

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. Only one percent increase was realized in the fourth quarter. Stagnant growth caused a sharp dip in transportation industries profit. In the fourth quarter of last year, the profit of transportation industry decreased 17.1 percent.

For-Hire Transportation Industries Q3 00 Q4 00
Income (billions of dollars) 65.98 66.10
Income percent change from previous quarter 1.00 0.19
Profit (billions of dollars) 5.08 3.93
Profit percent change from previous quarter -17.14 -22.66

NOTE: 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, April 2001, NIPA Table 6.1C and Table 6.16C.