Freight Payment Index Insights & Trends
Freight Payment Index
Q4 2019 Insights from U.S. Bank
The U.S. Bank Freight Payment Index indicates that both shipments and spend fell sequentially and on a year-over-year basis to conclude 2019. The tough quarter was due to weaker economic activity and difficult comparisons from a strong fourth quarter in 2018. The data reflects that at least parts of the economy, like manufacturing activity, are currently under pressure. Although 2019 overall was a tough year for motor carriers, spending was up slightly from 2018, which is remarkable considering that volumes were off significantly.
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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