A downturn in travel of pandemic proportions : The latest data on miles traveled by air, rail, and road

It’s not news to say that people in modern economies travel. For work, school, or pleasure. For a few hours, days, weeks, months, or even longer. Going places has been an integral and obvious part of work and life for most American households and those of any wealthy economy.
It’s also not news to say that travel and work commutes came to a halt last year when governments and individuals began combating the COVID-19  pandemic. Many workers were directed to work from the confines of their own homes, and some were hit even harder and lost their jobs. Normally bustling cities, highways, airports, and train stations came to a standstill and starting looking like staged scenes in a post-apocalyptic movie.
To illustrate this dramatic context, we constructed this FRED graph to track the dramatic change in the number of miles traveled by planes, trains, and automobiles. FRED graphs allow you to scale

Federal Reserve Source

Author: RealEstate