Freight Payment Index Insights & Trends
Freight Payment Index
Q1 2020 Insights from U.S. Bank
The U.S. Bank Freight Payment Index indicates that both shipments and spend contracted from Q4 2019. Despite strong movement of consumer goods in March, it was not enough to balance out the market sectors impacted by shutdowns, such as restaurants and auto factories. Shipments were down 1.8% and spending dropped 3.7%, both from the previous quarter. As shippers and carriers approach the second quarter, we anticipate that both indicators could continue to contract.
Get all the national and regional details in the latest U.S. Bank Freight Payment Index, which includes commentary by Bob Costello, chief economist and senior vice president for the American Trucking Associations (ATA).
Download the latest U.S. Bank Freight Payment Index
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