U.S. Bank Freight Payment Index shows no immediate signs of recession

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.
Source: logistics Mgmt