Q1 U.S. Bank Freight Payment Index sees mixed results

The report’s first quarter shipment index value—at 118.9—was down 2.2% compared to the fourth quarter and headed up 1.1% annually. As previously reported, for calendar year 2021, shipments fell 0.5% annually and were down 4.5% when compared to 2019. On the freight spend side, the index—at 270.7—was up 1.2% compared to the fourth quarter and 27.5% annually.

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