The report’s shipment index value—at 124.6—increased 1.5% compared to the second quarter (down from a 4.4% growth rate, from the first quarter to the second quarter) and increased 2.4% annually. On a year-to-date basis, through the first three quarters of 2021, shipments are up 1.1% annually. And the third quarter freight spend reading—at 246.8—was up 5.6% compared to the first quarter (down from a 10.1% increase, from the first quarter to the second quarter) and saw a 32.6% annual increase.
Source: logistics Mgmt
Q3 U.S. Bank Freight Payment Index sees decent gains
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