In 2021, U.S. Bank processed $37 billion in freight paymments for some of the world’s largest corporations and government agencies. Those payments and the data that accompanies them are analyzed quarterly by Bobby Holland, U.S. Bank vice president and director of Freight Data Solutions and his team. The FPI report includes quarter over quarter, year over year, and full year data and analysis.

In Q3 there was a slight dip in national shipments and spend. Although the index captured natural fluctuations over the course of the quarter, spend continues to be high and capacity remains tight.

In this interview, Bobby is joined by Dr. Jason Miller with Michigan State University to share the results of the on the Q3 2022 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.

• Why the Northeast saw the largest spend reduction of the five regions tracked by the index

• The impact that manufacturing’s slowing rate of growth is having on the freight market

• The extent to which the threat of a potential rail strike impacted the Q3 numbers

Additional Links & Resources:

Learn more about Supply Chain Now: https://supplychainnow.com

Check out our new Supply Chain Now Media Kit: https://bit.ly/3zKRLyL

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

Leveraging Logistics and Supply Chain for Ukraine: https://vectorgl.com/stand-with-ukraine/

2022 Q3 U.S. Bank Freight Payment Index: https://freight.usbank.com

WEBINAR- Undermanaged Spend Categories: How GPOs Can Help Mitigate Your Risks: https://bit.ly/3SM5WeK

This episode is hosted by Scott Luton and Greg White. For additional information, please visit our dedicated show page at: https://supplychainnow.com/analysis-us-bank-2022-q3-freight-payment-index-1014