U.S. Bank

Fewer shipments, higher trucking costs in 4th quarter: U.S. Bank

U.S. truck shipment totals slowed in the fourth quarter, but the cost of moving those goods increased, according to the quarterly report by U.S. Bank.

The bank is a major processor of invoices. It has data on the cost of moving freight, the number of shipments moved and how long it took to move them.

Fourth-quarter freight shipments were down 5.1% compared to the corresponding quarter of 2020. But U.S. Bank (NYSE: USB) also reported that sequentially, fourth-quarter shipments were down 2.4% from...

https://www.freightwaves.com/news/fewer-shipments-higher-trucking-costs-in-4th-quarter-u-s-bank

U.S. Bank’s Q3 Spend Index up 3.7x more than Shipments Index

Two key measures of freight demand rose in the third quarter, according to U.S. Bank, but at significantly different rates.

The U.S. Bank National Shipments Index, which measures volume, rose 1.5% from the second quarter, according to just-released data. (NYSE: USB)

But the bank’s National Spend Index, which measures expenditures, climbed 5.6% in the same period.

The data on year-on-year figures is striking as well. For all the focus on the supply chain now, including backups at major ports, the...

https://www.freightwaves.com/news/u-s-banks-q3-spend-index-up-3-7x-more-than-shipments-index

US Bank partners with Mastercard for international fleet card acceptance

The U.S. Bank Voyager card program has been a resource for fleet operations since the 1980s, gaining acceptance at 97% of all U.S. gas stations and locations for maintenance, food and hotels.

“When you think about all the purchase decisions drivers need to make on the road, their financial provider needs to be a part of a network that is accessible wherever that fleet is moving shipments,” said Jeff Pape, senior vice president and director of product and marketing for transportation at U.S. Bank...

https://www.freightwaves.com/news/us-bank-partners-with-mastercard-for-international-fleet-card-acceptance

Drilling Deep: What invoices tell us about the first quarter in freight

U.S. Bank is a major factoring company. That gives Bobby Holland, vice president and director of  Freight Data Solutions, strong insight to what markets are doing. Holland joins Drilling Deep host John Kingston this week to talk about what he has seen in the markets. Just how strong are the trends?

Also on Drilling Deep, after several weeks of quiet diesel prices, with a somewhat downward trend, markets are starting to rise again. Kingston discusses some of the reasons for the increase.

More...

https://www.freightwaves.com/news/drilling-deep-what-invoices-tell-us-about-the-first-quarter-in-freight

Improving Cash Cycle Management for the Long Haul

As a carrier, you are an essential part of the nation’s supply chain, keeping the economy moving forward even in the most challenging times. Your ability to be competitive depends on how well you can manage your cash-to-cash cycle—your financial supply chain.

This white paper explores the benefits of having detailed insight into your freight receivables and how to use that insight to improve liquidity, gain operational efficiencies and reduce your days sales outstanding (DSO). It also provides...

https://www.freightwaves.com/news/improving-cash-cycle-management-for-the-long-haul

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