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Stock impact report

U.S. Bank Freight Payment Index™ Sees High Q3 Freight Shipment and Spend Levels, Shows Some Deceleration

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Company Research Source: Business Wire
Constrained trucking capacity likely to continue due to solid U.S. economy and ongoing commercial driver shortage MINNEAPOLIS--(BUSINESS WIRE)-- The U.S. Bank Freight Payment Index™ – a tool designed to assess the current state of the freight industry in the U.S. – showed declines in the third quarter compared with the second quarter in 2018. The changes between quarters were driven by several factors according to Bob Costello, a freight industry analyst and chief economist for American Trucking Associations, including a moderating U.S. economy compared with the previous quarter and other factors like Hurricane Florence and potential early signs of tariff impacts. On a year-over-year basis, however, the overall freight spend increased by double-digits despite lower freight shipment volumes, which reflects higher average freight transaction prices. “Linked quarter declines in both freight Show less Read more
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