U.S. Bank

Q4 freight market continues to face headwinds

US freight market continued to face headwinds in Q4 2024
(Source: U.S. Bank)

Data released Tuesday by freight audit and payment provider U.S. Bank showed a trucking industry continuing to battle a variety of headwinds. According to the latest U.S. Bank Freight Payment Index, shipment volumes fell 4.7% from the previous quarter, marking the 10th consecutive quarterly decline. Spending by shippers also decreased, albeit at a slower rate of 2.2%.

“It’s clear there are both cyclical and structural...

https://www.freightwaves.com/news/q4-freight-market-continues-to-face-headwinds

Q4 freight data shows market reboot slower than anticipated

Data released Tuesday by freight audit and payment provider U.S. Bank showed a trucking industry continuing to battle cyclical and structural headwinds. The U.S. freight market continued its downward trend in the fourth quarter of 2024. According to the latest U.S. Bank Freight Payment Index, shipment volumes fell 4.7% from the previous quarter, marking the 10th consecutive quarterly decline. Spending by shippers also decreased, albeit at a slower rate of 2.2%.

“It’s clear there are both...

https://www.freightwaves.com/news/q4-freight-data-shows-market-reboot-slower-than-anticipated

Loaded and Rolling: Flexport acquires Convoy tech stack

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Flexport acquires Convoy tech stack for undisclosed sum

(Photo: Jim Allen/FreightWaves)

The Convoy...

https://www.freightwaves.com/news/loaded-and-rolling-flexport-acquires-convoy-tech-stack

Loaded and Rolling: The Taylor Swift $100,000 driver bonus

The Taylor Swift $100,000 driver bonus

(Image: Craig Fuller via X, formerly Twitter)

Media outlet TMZ reported that singer-songwriter Taylor Swift gave each truck driver who worked as part of her Eras Tour a bonus check of $100,000 before her Santa Clara, California, show last Saturday. The article on Tuesday notes there are around 50 drivers associated with her current U.S. tour and the bonuses totaled about $5 million. This end-of-tour bonus pales in comparison to the estimated $1 billion in...

https://www.freightwaves.com/news/loaded-and-rolling-the-taylor-swift-100000-driver-bonus

Loaded and Rolling: Inbound container volumes cloud freight rebound, FMCSA task force on truck leasing

Inbound container volumes cloud freight rebound

(Source: FreightWaves SONAR)

SONAR ocean container booking data suggests that the predicted freight rebound in the second half of 2023 may be increasingly unlikely. Import and ocean container booking data is typically used as a leading indicator for future truckload volumes, as containers are offloaded in ports and transferred into intermodal or truckload orders. FreightWaves’ Henry Byers, head of ocean intelligence, notes that 2023 container...

https://www.freightwaves.com/news/loaded-and-rolling-inbound-container-volumes-cloud-freight-rebound-fmcsa-task-force-on-truck-leasing

Loaded and Rolling: Lunar New Year outlook; boxpocalypse now

Lunar New Year outlook with Christopher Thornycroft
(Image: FreightWaves)

In Tuesday’s episode of FreightWaves’ Loaded and Rolling show, Christopher Thornycroft, executive vice president at Redwood, joined us to talk about the Lunar New Year and what it means for freight demand. For those unaware, the Chinese Lunar New Year holiday began Jan. 22 and typically lasts two weeks. This year, it will end with the Lantern Festival on Sunday. This holiday, which involves fireworks and gift giving, can...

https://www.freightwaves.com/news/loaded-and-rolling-lunar-new-year-outlook-boxpocalypse-now

Modernizing the payments process at J.B. Hunt

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event on Wednesday.

FIRESIDE CHAT TOPIC: The financial supply chain.

DETAILS: J.B. Hunt and U.S. Bank are working together to provide a better payments solution for Hunt customers. Jeff Pape of U.S. Bank sits down with Amy Horn of J.B. Hunt to discuss the changing market for payments solutions. 

INTERVIEWER AND SPEAKER: Amy Horn, director of intermodal pricing at J.B. Hunt, is interviewed by Jeff Pape, general manager of...

https://www.freightwaves.com/news/scmft-modernizing-the-payments-process-at-j-b-hunt

U.S. Bank: Freight shipments and costs step higher in Q2

A yellow tractor pulling a white trailer on highway

Freight payments data released Wednesday showed a sequential uptick in trucking shipments during the second quarter, reversing the declining trend seen in the prior two quarters. Freight spending advanced again in the period as elevated fuel costs continue to push up all-in rates.

A national trucking index published by U.S. Bank (NYSE: USB) showed volumes were up 2.3% from the first quarter with spending up 3.3%. Shipments in the quarter were slightly higher than the historical average “as...

https://www.freightwaves.com/news/us-bank-freight-shipments-and-costs-step-higher-in-q2

U.S. Bank’s supply chain group teams up with LiquidX as fintech partner

U.S. Bank, a major processor of transportation payables as well as a significant lender to supply chain operations, is teaming up with LiquidX to more fully digitize its supply chain financing.

“One of my strategies early on was to try and build a much more scalable business model, and that included being able to build a solutions set that was much more digitized and automated,” Dan Son, the head of global trade and supply chain finance at U.S. Bank (NYSE: USB), said in an interview with...

https://www.freightwaves.com/news/u-s-banks-supply-chain-group-teams-up-with-liquidx-as-fintech-partner

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