U.S. Freight Spending Jumps 32.1% Year Over Year, U.S. Bank Index Shows
Bitget2026/10/29 12:07- U.S. shipper spending surged 32.1% year over year in the third quarter, the largest annual increase since 2021.
- Spending rose 5.2% quarter over quarter, while shipment volumes edged up 0.4%.
- Annual shipment growth was just 0.5%, highlighting sharply higher costs despite largely unchanged freight demand.
- Tighter carrier capacity, stronger pricing power and national diesel prices above $6.50 per gallon drove cost increases.
- Southwest spending jumped 51.6% year over year, the largest regional increase, as enforcement actions reduced driver availability.
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