Freight Payment Index Insights & Trends
Q2 2021 Insights from U.S. Bank
The most recent U.S. Bank Freight Payment Index revealed an improved truck freight market during the second quarter of 2021. The National Shipments and Spend Indexes both grew sequentially—and year-over-year—as the economy gained momentum as it emerged from the effects of the pandemic. Strong retail sales, imports, construction, and manufacturing output drove growth in shipments. The spend index surged in the second quarter on gains from extremely tight truck capacity, a profound shortage of drivers and a rise in diesel fuel prices, which are reflected in increased fuel surcharges.
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).
Published quarterly, the U.S. Bank Freight Payment Index showcases current freight shipping volumes and expenditures on both national and regional levels, allowing you to make decisions based on the facts most relevant to your organization.
Download the latest U.S. Bank Freight Payment Index
To learn how benchmarking and our comprehensive business intelligence can impact your organization, contact U.S. Bank at CPSTransportation@usbank.com or 866.274.5898.