Benchmark your freight performance by leveraging the U.S. Bank Freight Payment Index™. Published quarterly, the index showcases current freight shipping volumes and expenditures on both national and regional levels with commentary by Bob Costello, Chief Economist and Senior Vice President for the American Trucking Associations (ATA).
The Q1 2020 data indicates that the shipment and spend index dropped from the fourth quarter of 2019. Despite strong movement of consumer goods in March, it was not enough to balance out the market sectors impacted by shutdowns, such as restaurants and auto factories. Shipments were down 1.8% and spending dropped 3.7%, both from the previous quarter. As shippers and carriers approach the second quarter, we anticipate that both indicators could continue to contract.
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