U.s. bank freight payment index: truck freight contraction continues

Minneapolis--(business wire)--the latest u.s. bank freight payment index revealed that the u.s. truck freight market contracted significantly during the first three months of 2024. spending by shippers decreased 27.9% in the first quarter compared with the same period in 2023 and was down 16.8% compared to the fourth quarter of 2023. meanwhile, shipments dropped 21.6% from a year prior and 7.8% from the fourth quarter of 2023. “while there was hope for a freight market turnaround to start the y.
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