U.S. Bank Freight Payment Index: Truck freight volume, spend decline at slower pace
The U.S. Bank Freight Payment Index reports continued contraction in truck freight shipments and spending during Q3, though at a slower pace. Shipments decreased 1.9% quarter-over-quarter, marking the ninth consecutive quarterly decline, while spending dropped 1.4%. Regional variations were significant, with the West showing growth (shipments +1.1%, spending +4.4%) while the Southeast declined (shipments -3.0%, spending -3.3%). The Southwest experienced the largest quarterly volume decline at -7.2%. Year-over-year, both national shipments and spending were down approximately 21%.
Il U.S. Bank Freight Payment Index segnala una continua contrazione delle spedizioni di camion merci e della spesa durante il terzo trimestre, sebbene a un ritmo più lento. Le spedizioni sono diminuite del 1,9% rispetto al trimestre precedente, segnando il nono calo trimestrale consecutivo, mentre la spesa è scesa del 1,4%. Le variazioni regionali sono state significative, con l'Ovest che ha mostrato crescita (spedizioni +1,1%, spesa +4,4%) mentre il Sudest ha registrato un calo (spedizioni -3,0%, spesa -3,3%). Il Sud-ovest ha subito il maggiore calo di volume trimestrale con un -7,2%. Rispetto all'anno precedente, sia le spedizioni nazionali che la spesa sono diminuite di circa il 21%.
El U.S. Bank Freight Payment Index informa sobre la continua contracción en los envíos de carga por camión y el gasto durante el tercer trimestre, aunque a un ritmo más lento. Los envíos disminuyeron 1.9% en comparación con el trimestre anterior, marcando la novena caída trimestral consecutiva, mientras que el gasto cayó 1.4%. Las variaciones regionales fueron significativas, con el Oeste mostrando crecimiento (envíos +1.1%, gasto +4.4%) mientras que el Sureste disminuyó (envíos -3.0%, gasto -3.3%). El Suroeste experimentó la mayor disminución de volumen trimestral con un -7.2%. En comparación con el año anterior, tanto los envíos nacionales como el gasto disminuyeron aproximadamente un 21%.
U.S. Bank Freight Payment Index는 3분기 동안 화물 트럭 배송량과 지출의 지속적인 감소를 보고하였으나, 속도는 느려졌습니다. 배송량은 전분기 대비 1.9% 감소하여 아홉 번째 연속 분기 감소를 기록했으며, 지출은 1.4% 감소했습니다. 지역별 차이는 컸으며, 서부 지역은 성장세를 보였고(배송량 +1.1%, 지출 +4.4%) 동남부는 감소세를 보였습니다(배송량 -3.0%, 지출 -3.3%). 남서부는 분기별로 가장 큰 배송량 감소인 -7.2%를 경험했습니다. 전년 대비, 국가 전체의 배송량과 지출은 약 21% 감소했습니다.
L'U.S. Bank Freight Payment Index fait état d'une contraction continue des expéditions de fret routier et des dépenses pendant le troisième trimestre, bien que ce rythme ait ralenti. Les expéditions ont diminué de 1,9% par rapport au trimestre précédent, marquant le neuvième déclin trimestriel consécutif, tandis que les dépenses ont baissé de 1,4%. Les variations régionales étaient significatives, avec l'Ouest affichant une croissance (expéditions +1,1%, dépenses +4,4%) tandis que le Sud-Est a connu un déclin (expéditions -3,0%, dépenses -3,3%). Le Sud-Ouest a subi la plus forte diminution du volume trimestriel avec -7,2%. D'une année sur l'autre, les expéditions et les dépenses nationales ont chuté d'environ 21%.
Der U.S. Bank Freight Payment Index berichtet über eine fortgesetzte Kontraktion der Lkw-Frachtlieferungen und der Ausgaben im dritten Quartal, jedoch in langsamerem Tempo. Die Lieferungen sanken im Quartalsvergleich um 1,9%, was den neunten Rückgang in Folge darstellt, während die Ausgaben um 1,4% fielen. Regionale Unterschiede waren signifikant, wobei der Westen Wachstum verzeichnete (Lieferungen +1,1%, Ausgaben +4,4%) während der Südosten Rückgänge verzeichnete (Lieferungen -3,0%, Ausgaben -3,3%). Der Südwesten erlebte den größten Rückgang des Quartalsvolumens mit -7,2%. Im Jahresvergleich sanken sowohl die nationalen Lieferungen als auch die Ausgaben um ungefähr 21%.
- Slowest decline in shipments in over a year, suggesting potential market stabilization
- West region shows growth with 1.1% increase in shipments and 4.4% increase in spending
- Spending contracted less than shipments, indicating improving market health
- Ninth consecutive quarterly decrease in freight volume
- National shipments down 21.2% year-over-year
- National spending down 21.3% year-over-year
- Southwest region experienced sharp 7.2% quarterly decline in volume
- Southeast region showed declining trends in both spending (-3.3%) and shipments (-3.0%)
Insights
The latest freight payment data reveals a complex but gradually stabilizing transportation market. While the ninth consecutive quarterly decline in shipments continues, the
The slower pace of decline in spending (
Third quarter marked the ninth consecutive quarterly decrease in shipments, but smallest drop in more than a year
“The latest data continues to show some positive developments for the freight market. However, there remain sequential declines nationwide, and in most regions,” said Bobby Holland,
The third quarter again highlighted the value of examining truck freight conditions by region, where conditions varied greatly. In the West, spending was up
“It’s a positive sign that spending contracted less than shipments. With diesel fuel prices lower, the fact that pricing didn’t erode more tells me the market is getting healthier,” said Bob Costello, senior vice president and chief economist at the American Trucking Associations.
The
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Regional Data
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Stronger West Coast port volumes boosted truck freight levels. This marked the first time shipments have risen for two consecutive quarters in the West since 2021. The West also had by far greatest increase in truck freight spending during the third quarter.
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Among regions, the Southwest had the largest quarterly decline in volume (-
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Positive housing starts in the Midwest helped boost truck freight shipments modestly during the third quarter. Spending, meanwhile, dropped for the third consecutive quarter.
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Spending on truck freight in the Southeast declined by the most among regions on a quarterly basis. The drop was due to falling volumes as well as lower fuel costs.
To see the full report including in-depth regional data, visit the
About
U.S. Bancorp, with more than 70,000 employees and
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031601511/en/
Todd Deutsch,
todd.deutsch@usbank.com
Source: U.S. Bancorp
FAQ
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