U.S. Bank Freight Payment Index: Shipper Costs Hit Five-Year High as Freight Demand Stalls
U.S. Bank published its Q3 Freight Payment Index showing shipper spending up 32.1% year-over-year, the largest annual increase since 2021, while shipment volumes grew only 0.5%. Tighter carrier capacity and diesel above $6.50 per gallon nationally drove the cost surge, with the Southwest posting a 51.6% annual spending increase and California diesel reaching $8.25 per gallon. The release is a proprietary data product from U.S.
Key figures
- West shipments qoq
- -3.1%
- Shipment volume qoq
- 0.4%
- Shipment volume yoy
- 0.5%
- Shipper spending qoq
- 5.2%
- Shipper spending yoy
- 32.1%
- National diesel price
- $6.50 per gallon
- Southwest spending yoy
- 51.6%
- California diesel price
- $8.25 per gallon
- Northeast shipments yoy
- 2.8%
- Southeast shipments qoq
- 4.7%
- Freight payments processed annually
- $46 billion
AI analysis
Red flags1 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.