Leading, Slipping, Gaining, Lagging Analysis:
Assessing Transportation and Warehousing Earnings Growth
Across Pennsylvania Counties
Real* Transportation and Warehousing
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Transportation and Warehousing
Earnings Growth
Pennsylvania:
2010-2022 = 6.90%
2022 = 6.22%
Borrowing from an approach that sometimes appears in the finance sections of the popular press, LSGL analysis is a handy and versatile way to compare, portray and classify the patterns of real transportation and warehousing earnings growth across all of Pennsylvania's 67 counties. In finance, this technique is used for comparing and assessing the market performance of individual securities or across industry sectors. For example, the performance of the 30 stocks contained within Dow are compared with one another over the past week in contrast to their performance over the past month using the Dow's respective averages as the points of reference.
Here in this Pennsylvania Regional Economic Analysis Project report, we adopt this approach to gauge and compare the real transportation and warehousing earnings growth of Pennsylvania's 67 counties over the latest available year (2022) against the backdrop of their growth over the long term period (2010-2022). In so doing we classify their growth and performance into 4 broad categories: Leading, Slipping, Gaining and Lagging.
Real* Transportation and Warehousing
Earnings Growth
County vs Statewide Average: 2010-2022 and 2022
Real* Transportation and Warehousing
Earnings Growth
Pennsylvania:
2010-2022 = 6.90%
2022 = 6.22%
This figure displays the 67 counties of Pennsylvania as dots on a scattergram, with the vertical axis representing the average annual real transportation and warehousing earnings growth rate over the long-term period (2010-2022), and the horizontal axis representing the real transportation and warehousing earnings growth rate for the near-term (2022).
This figure sets apart those counties whose long-term real transportation and warehousing earnings growth exceeded the statewide average of 6.90%, by portraying them in the top two quadrants demarcated at 6.90% on the vertical axis. County whose long-term average annual real transportation and warehousing earnings growth rate trailed the statewide average (6.90%) are distributed in the bottom two quadrants. In all, 31 counties surpassed the statewide average over 2010-2022, while 27 counties fell below.
Similarly, the two quadrants on the right of this figure present the positions of the 25 counties whose most recent (2022) real transportation and warehousing earnings growth rate exceeded the statewide average (6.22%). The two quadrants on the left feature those 33 counties whose real transportation and warehousing earnings growth over 2022 trailed the statewide average.
Accordingly, each quadrant portrays the performance of all 67 counties corresponding with their long-term (2010-2022) and near-term (2022) performance relative to their respective statewide averages of 6.90% over 2010-2022 and 6.22% over 2022:
Leading counties () (top-right quadrant)...are counties whose average annual real transportation and warehousing earnings growth rate surpassed the statewide average both long-term (6.90%) and near-term (6.22%).
Slipping counties () (top-left quadrant)...are counties whose long-term average annual real transportation and warehousing earnings growth rate exceeded the statewide average (6.90%), but whose near-term growth has "slipped" by falling below the Pennsylvania average (6.22%).
Gaining counties () (bottom-right quadrant)...are counties whose long-term average annual real transportation and warehousing earnings growth rate fell below the statewide average (6.90%), but whose near-term growth has "gained" by registering above the average (6.22%) statewide.
Lagging counties () (bottom-left quadrant)...are counties whose average annual real transportation and warehousing earnings growth rate fell under the statewide average both long-term (6.90%) and near-term (6.22%).
   
 
Summary of Pennsylvania's 67 County Totals
 
Short Term Average
 
 
Below
(6.22%)
Above
(6.22%)
 
Long
Term
Average
Above
(6.90%)
16
15
31
Below
(6.90%)
17
10
27
 
33
25
58
 
   
Leading Counties
2022 vs. 2010-2022 Averages
Leading Counties
white dot
Pennsylvania:
2010-2022 = 6.90%
2022 = 6.22%
Turning attention to the top-right quadrant from the discussion above, this figure features the distribution of the Pennsylvania counties classified as Leading. These counties surpassed Pennsylvania's average annual real transportation and warehousing earnings growth both long-term (2010-2022 = 6.90%) as well as near-term (2022 = 6.22%). Each is identified by its corresponding ranking based on it's average annual real transportation and warehousing earnings growth rate over 2010-2022.
Of Pennsylvania's 67 counties, 15 (22%) are classified within the Leading () category. Those counties ranked by their long-term average include:
Slipping Counties
2022 vs. 2010-2022 Averages
Slipping Counties
Pennsylvania:
2010-2022 = 6.90%
2022 = 6.22%
This figure depicts the distribution of the 16 Pennsylvania counties classified as Slipping (top-left quadrant), in that their long-term average annual real transportation and warehousing earnings growth rate outpaced the average statewide (2010-2022 = 6.90%), while they trailed the statewide average near-term (2022 = 6.22%). Again, each county is identified by it's corresponding ranking based on its average annual real transportation and warehousing earnings growth rate over 2010-2022.
Observe that 16 (24%) of Pennsylvania's 67 counties are classified as Slipping (). Those counties ranked by their long-term average include:
Gaining Counties
2022 vs. 2010-2022 Averages
Gaining Counties
white dot
Pennsylvania:
2010-2022 = 6.90%
2022 = 6.22%
This figure shows the distribution of the 10 Pennsylvania counties classified as Gaining (bottom-right quadrant), in that their long-term average annual real transportation and warehousing earnings growth rate posted below the average statewide (2010-2022 = 6.90%), while they outpaced Pennsylvania's average near-term (2022 = 6.22%). Again, each county is identified by its corresponding ranking based on its average annual real transportation and warehousing earnings growth rate over 2010-2022.
Of Pennsylvania's 67 counties, only 15% (10) are featured as Gaining (). Those counties ranked by their long-term average include:
Lagging Counties
2022 vs. 2010-2022 Averages
Lagging Counties
white dot
Pennsylvania:
2010-2022 = 6.90%
2022 = 6.22%
This figure depicts the distributions of the 17 Pennsylvania counties classified as Lagging (bottom-left quadrant). These counties trailed the statewide average annual real transportation and warehousing earnings growth both long-term (2010-2022 = 6.90%) as well as near-term (2022 = 6.22%). Again, each county is identified by its corresponding ranking based on it's average annual real transportation and warehousing earnings growth rate over 2010-2022.
25% of Pennsylvania's counties, 17 of 67, are characterized here as Lagging (). Those counties ranked by their long-term average include:
   
 
Pennsylvania
Real* Transportation and Warehousing Earnings Growth
County vs. Statewide Average
 
2010-2022
 
2022
 
 
Leading Counties
 
29
7.04
 
15
8.65
208,415
 
4
12.43
 
14
9.06
165,633
 
26
7.36
 
25
6.73
932,887
 
12
9.62
 
7
11.68
163,845
 
31
6.94
 
12
9.33
1,141,631
 
20
8.23
 
21
7.17
879,752
 
19
8.32
 
4
12.57
45,648
 
24
7.82
 
11
10.04
597,820
 
23
7.84
 
6
11.91
469,272
 
15
9.22
 
10
10.41
1,335,464
 
7
11.50
 
19
7.39
74,719
 
6
12.05
 
13
9.25
1,119,519
 
3
12.59
 
22
7.04
94,946
 
5
12.28
 
2
14.27
138,336
 
22
7.97
 
1
15.29
959,801
Slipping Counties
 
8
11.18
 
35
3.73
3,669,495
 
14
9.45
 
39
3.31
1,127,038
 
11
10.16
 
56
0.34
72,953
 
17
8.73
 
57
0.17
84,908
 
9
10.46
 
36
3.71
67,263
 
10
10.25
 
53
0.61
90,162
 
16
9.15
 
42
2.71
1,779,675
 
25
7.67
 
34
3.87
106,495
 
30
7.03
 
51
1.25
361,612
 
27
7.27
 
30
5.57
87,764
 
2
13.12
 
37
3.70
42,856
 
21
8.04
 
60
-2.55
52,906
 
13
9.56
 
40
3.27
78,747
 
28
7.04
 
28
6.02
87,031
 
1
27.03
 
50
1.36
599,759
 
18
8.65
 
49
1.51
68,752
Gaining Counties
 
54
4.06
 
8
10.65
424,387
 
47
5.04
 
23
6.84
291,149
 
57
2.59
 
24
6.79
137,063
 
45
5.21
 
26
6.68
686,459
 
38
5.85
 
17
7.51
1,622,845
 
33
6.49
 
16
8.07
113,319
 
43
5.29
 
9
10.64
1,603,263
 
49
4.69
 
27
6.63
236,954
 
35
6.31
 
5
12.28
536,714
 
41
5.37
 
20
7.20
747,923
Lagging Counties
 
32
6.64
 
48
1.85
160,785
 
36
6.31
 
52
0.64
106,985
 
48
4.79
 
31
4.89
280,551
 
55
4.01
 
63
-4.99
105,580
 
52
4.13
 
55
0.49
239,612
 
53
4.09
 
38
3.50
57,212
 
40
5.54
 
41
2.76
277,234
 
42
5.35
 
59
-0.41
147,094
 
34
6.42
 
54
0.58
58,200
 
39
5.68
 
44
2.61
83,974
 
56
3.64
 
47
2.22
111,267
 
46
5.14
 
45
2.59
185,801
 
37
6.19
 
29
6.00
1,135,345
 
51
4.18
 
61
-3.44
21,828
 
44
5.22
 
33
4.11
3,098,976
 
50
4.21
 
46
2.50
122,674
 
58
1.93
 
62
-4.32
75,665
Undefined/Suppressed Counties
 
U
U
 
S
S
S
 
U
U
 
3
14.25
49,190
 
U
U
 
32
4.20
3,476
 
U
U
 
S
S
S
 
U
U
 
18
7.49
435,158
 
U
U
 
43
2.65
120,527
 
U
U
 
S
S
S
 
U
U
 
S
S
S
 
U
U
 
58
-0.14
77,427
 
 
 
 
 
 
 
 
 
6.90
 
6.22
30,161,010
 
 
 
 
 
 
 
 
 
6.30
 
9.85
638,088,000
November 2023
REAP_PI_CA1600N_610800_LSGL
 
   
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