Freight Payment Index Insights & Trends
Q3 2021 Insights from U.S. Bank
The U.S. Bank National Shipments Index showed growth, but at a slightly slower pace in the third quarter, compared to the preceding quarter, and year-over-year, reflecting several headwinds. This included an increase in the COVID-19 Delta variant, general supply chain constraints and auto plant slowdowns/shutdowns due to supply chain and microchip shortage issues. The U.S. Bank National Spend Index remained higher during the third quarter as both freight rates and diesel prices continued to rise. While growing freight transportation demand is helping to push the spend index higher, the larger factor is the increasingly tight trucking industry capacity.
Get all the national and regional details in the latest U.S. Bank Freight Payment Index, which includes commentary from Bob Costello, chief economist and senior vice president for the American Trucking Associations.
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.