US Bank Freight Payment Index Archives

Loaded and Rolling: Flexport acquires Convoy tech stack

2 November 2023

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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

3 August 2023

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

4 May 2023

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

2 February 2023

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

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

20 July 2022

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