U.S. Bank Freight Payment Index: Truck freight contraction continues
U.S. Bancorp (USB)
Last u.s. bancorp earnings: 4/15 06:45 am
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Source: Business Wire
Compared to a year earlier, first quarter 2024 spending fell 27.9% while shipment volume dropped 21.6% MINNEAPOLIS--(BUSINESS WIRE)--The latest U.S. Bank Freight Payment Index revealed that the U.S. truck freight market contracted significantly during the first three months of 2024. Spending by shippers decreased 27.9% in the first quarter compared with the same period in 2023 and was down 16.8% compared to the fourth quarter of 2023. Meanwhile, shipments dropped 21.6% from a year prior and 7.8% from the fourth quarter of 2023.“While there was hope for a freight market turnaround to start the year, our data shows that the challenges continued,” said Bobby Holland, director of freight business analytics, U.S. Bank. “Nationally, this was the eighth straight quarter of year-over-year volume decreases and the fifth straight with a drop in spending.”The U.S. Bank Freight Payment Index regional data shows how widespread the current challenges are for the truck freight market. With the ex
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- U.S. Bancorp (NYSE: USB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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USB
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- 4/17/24 - Miss
USB
Sec Filings
- 5/15/24 - Form 424B2
- 5/14/24 - Form FWP
- 5/14/24 - Form 424B3
- USB's page on the SEC website