U.s. bank: freight market contracts in q3 as capacity tightens

Minneapolis--(business wire)--the u.s. truck freight market reversed its brief q2 improvement in the third quarter of 2025, with national shipment volumes contracting 2.9%, according to the latest u.s. bank freight payment index. meanwhile, shipper spending managed to increase for second consecutive quarter. “shippers paid more to move less freight in the third quarter—a clear signal that industry capacity is exiting. while higher fuel prices played a role, it doesn't fully explain the increase.
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