U.S. Bank Company Profile

February 2, 2024 The report’s fourth quarter shipment index value, at 95.0, was down 10.9% compared to the third quarter and down 15.7% annually. On the spend side, the report observed that the fourth quarter reading, at 233.9, fell 13.5% annually and was down 1.4%, from the third quarter to the fourth quarter.

November 1, 2023 Freight shipment volumes and spend declined again in the third quarter according to new data released by U.S. Bank.

November 1, 2023 The report’s third quarter shipment index value, at 106.6, was down 3.4% compared to the second quarter and was down 9.7% annually, marking the fifth consecutive quarter of annual shipment declines. On the spend side, the report observed that the third quarter reading, at 106.6, fell 9.7% annually and was down 3.4%, from the second quarter to the third quarter.

May 2, 2023 The report’s first quarter shipment index value—at 111.7—was down 0.8% compared to the fourth quarter and fell 6.1% annually, marking the fourth consecutive quarter of annual shipment declines. And the freight spend index value—at 269.9—was down 0.2% compared to the fourth quarter and was down 0.3% annually. The reading saw its first annual decline going back to the third quarter 2020.

February 2, 2023 Fourth quarter freight shipments—at 113.0—were down 4.6% compared to the third quarter, for the largest sequential decline since the first quarter of 2021, and were down 7.1% annually, marking the largest annual decrease since the third quarter 2020. For expenditures, the fourth quarter reading—at 272.3—was off 0.2% compared to the third quarter and was up 1.8% annually. The annual gain represented its lowest increase since the third quarter 2020.

July 27, 2022 The report’s second quarter shipment index value—at 121.6—was up 2.3% compared to the first quarter and essentially flat annually, down 0.9%. On the freight spend side, the index—at 279.6—was up 3.3% compared to the first quarter, while also posting a 19.7% annual gain.

April 20, 2022 The report’s first quarter shipment index value—at 118.9—was down 2.2% compared to the fourth quarter and headed up 1.1% annually. As previously reported, for calendar year 2021, shipments fell 0.5% annually and were down 4.5% when compared to 2019. On the freight spend side, the index—at 270.7—was up 1.2% compared to the fourth quarter and 27.5% annually.

January 31, 2022 The report’s shipment index value—at 121.6—was off 2.4%, from the third quarter to the fourth quarter, and was down 5.1% annually. For calendar year 2021, shipments fell 0.5% annually and were down 4.5% when compared to 2019. The fourth quarter freight spend reading—at 267.5—saw an 8.4% gain, from the third quarter to the fourth quarter, and it was up 20.2% annually, marking its highest reading on record,

July 23, 2021 Myriad signs of economic improvement—driven by things like more people getting vaccinated, strong retail sales, high imports, construction and manufacturing output—helped propel second quarter freight shipments and spend levels to high levels, according to the most recent edition of the U.S. Bank Freight Payment Index, which was recently released by Minneapolis-based U.S. Bank.

January 28, 2021 The report’s fourth quarter National Shipment Index—at 128.1—was up 5.3% compared to the third quarter and up 1.3% annually, and on the spending side, the report’s fourth quarter spend index—at 222.36—was up 19.7%, from the third quarter to the fourth quarter, and was up 14.0% annually.

October 29, 2020 The report’s third quarter National Shipment Index—at 114.9—was up 6% compared to the second quarter and down 7.6% annually. This followed a 7.6% decline, from the first quarter to the second quarter. On the spending side, the report’s third quarter spend index—at 186.0—was up 14.6%, from the second quarter to the third, and was off 7.3% annually. The sequential gain nearly erased the 13.7% spending decrease, from the first quarter to the second quarter.

July 29, 2020 The report’s second quarter National Shipment Index—at 114.9—was down 7.6% compared to the first quarter and down 12.5% annually. On the spending side, the report’s second quarter spend index—at 162.3—was off 13.7%, from the first quarter to the second quarter, and was off 19.4% annually. v

April 23, 2020 The report’s first quarter National Shipment Index—at 124.3 (2011=110.1) dropped 1.8% compared to the fourth quarter and was up 3.8% annually. First quarter spend—at 188.1 (2011=110.1)—fell 3.7% compared to the fourth quarter, following a 4% sequential decline from the third quarter to the fourth quarter of 2019, and it was down 2.5% annually.

January 24, 2020 The report’s National Shipment Index—at 126.5—was down 4% from the third quarter to the fourth quarter and off 5.4% annually. On the spending side, the report stated that the spending index—at 195.2—was off 2.7% from the third quarter to the fourth quarter and off 2.5% annually.

October 24, 2019 The report’s National Shipment Index, at 131.7 (2011=110.1), was up 0.3% from the second quarter to the third quarter, which was well off the 9.7% gain from the first quarter to the second quarter, and was down 0.1% annually. On the spending side, the report’s spending index, at 200.7, slipped 0.3% from the first quarter, the second sequential decline over the last three quarters, and rose 7.4% annually, topping the 6.4% annual gain from the first quarter to the second quarter.