U.S. Bank processed $29.7 billion in freight payment transactions in 2020. Those payments and the data that accompanies them are analyzed quarterly by Bobby Holland VP/Director of Freight Data Solutions at U.S. Bank and his team. The FPI report includes quarter over quarter, year over year, and full-year data and analysis.

According to a summary released by U.S. Bank, “The U.S. Bank National Shipments Index showed growth, but at a slightly slower pace in the third quarter, compared to the preceding quarter, and year-over-year, reflecting several headwinds. This included an increase in the COVID-19 Delta variant, general supply chain constraints, and auto plant slowdowns/shutdowns due to supply chain and microchip shortage issues.”

In this interview, Bobby is joined by Patricia Gabriel, Vice President of U.S. Customer Service with Mondelez international, to share the results of the Q3 2021 report with Supply Chain Now Co-hosts Greg White and Scott Luton, interpreting what they may mean for the economy and the shipping industry in the short and longer-term.

• The sources of the ‘index headwinds’ that Bobby and his team saw evidenced in this quarter’s report

• How a lack of return freight from the Northeast region of the country is making it harder for shippers to get drivers to head in that direction in the first place

• Localized issues beyond the regional level, such as weather events and city-specific traffic congestion, that are having a widespread impact on rates

Additional Links & Resources:

Learn more about Supply Chain Now: https://supplychainnow.com/program/supply-chain-now

Subscribe to Supply Chain Now and all other Supply Chain Now programs: https://supplychainnow.com/subscribe

WEBINAR- The Supply Chain of 2022 and Beyond: Building Resiliency and Agility: https://bit.ly/2YkzwRx

WEBINAR- Supply Chain is a Team Sport: Lead Your Team to Victory with a Cloud-Native TMS: https://bit.ly/2ZFztR7

2021 State of Supplier Diversity Report: https://info.cvmsolutions.com/download-the-2021-state-of-supplier-diversity-reports-2

2021 U.S. Bank Q3 Freight Payment Index: https://bit.ly/3pwmWKC

This episode was hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/us-bank-2021-q3-freight-payment-index-mondelez-760