U.S. Bank Freight Payment Index: Volume, Spend Decline at Slower Pace

Truck freight shipments and spending continued to contract in Q3/24, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index. Shipments were down 1.9% quarter over quarter, while spending dropped 1.4%. read more

NOV 4, 2024 - 5:57 am

U.S. Bank Freight Payment Index: Less Contraction, Regional Bright Spots in Q2/24

Truck freight volumes and spending continued to drop in Q2/24, but at a slower pace than recent quarters, according to the latest U.S. Bank Freight Payment Index. Shipments increased in three regions (the West, Northeast and Southeast) on a quarterly basis. read more

AUG 2, 2024 - 6:23 am

Truck Freight Market Ended 2023 With Double-Digit Drops In Volume and Spending

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to U.S. Bank. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% in 2023, while spending by shippers contracted 13.5%. read more

FEB 2, 2024 - 6:50 am

Truck Freight Volume & Spending Decline by Sharpest Amount Since Early COVID-19 Pandemic

Truck freight volume and spending in Q2/23 declined by the highest levels since the early days of the COVID-19 pandemic, according to the latest U.S. Bank Freight Payment Index. Spending by shippers dropped 10.9% in the quarter compared with Q2/233, while shipment volume dropped 9%. read more

AUG 2, 2023 - 6:59 am

Truck Freight Volume Continues to Contract Nationwide Despite Increases in Southwest

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

MAY 2, 2023 - 7:08 am