Income and profit are two measures of an industry's performance. Income of transportation industries has declined 10.1 percent since the first quarter of 2001. This decline has caused transportation industries' profits to be negative (a loss) for the first time since the third quarter of 1991. In the fourth quarter of 2001, the profit of transportation industries reached its lowest ever margin in current terms.
|For-Hire Transportation Industries||Q3 01||Q4 01|
|Income (billions of dollars)||59.73||55.70|
|Income percent change from previous quarter||-1.28||-6.74|
|Profit (billions of dollars)||0.23||-1.73|
|Profit percent change from previous quarter||-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; National Income and Product Accounts data, Tables 6.1C and 6.16C; Mar. 28, 2002; available at: http://www.bea.doc.gov/bea/dn/nipaweb/AllTables.asp?Selected=N#S6; based on Survey of Current Business.