Freight Payment Index Insights & Trends
Freight Index Overview
Bob Costello, Chief Economist and Senior Vice President American Trucking Associations.
As last quarter’s index also indicated, the Q4 2017 U.S. Bank Freight Payment Index shows just how tight the truck market is becoming. The surge in spending for trucking services during the quarter, from both the previous period and a year earlier, are the highest rates since 2010. This strength in spending is due to solid demand for trucking services, but also a tight-capacity situation due to driver shortages and the requirement of electronic logging devices, or ELDs, for truck driver hours-of-service regulations.
Download the latest U.S. Bank Freight Payment Index
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.
The U.S. Bank Freight Payment Index is compiled by our team of dedicated consultants with more than a decade of industry experience. Source data is collected from the more than $23 billion in global freight payments that U.S. Bank Freight Payment processes for our corporate and federal government clients each year.
To learn how benchmarking and our comprehensive business intelligence can impact your organization, contact U.S. Bank at firstname.lastname@example.org or 866.274.5898.