Analysis of the U.S. Bank 2023 Q2 Freight Payment Index Featuring Bobby Holland & Heather Shilt

In 2022, U.S. Bank processed $46 billion in freight payments 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 this livestream, Bobby shared six key takeaways from the Q2 2023 report, including a Freight Payment Index first: back-to-back quarters with national quarterly and yearly declines in shipments and spend. As he goes on to point out, everything is relative, but the finding is still a notable one.

In this interview, Bobby was joined by Heather Shilt, Director of Global Logistics at Fortive, to share and discuss the results of the Q2 2023 report with co-hosts Scott Luton and Constantine Limberakis:

• The year-over-year increase in shipments observed in the Southwest, the largest since Q1 2018

• A 27.1 percent drop in year-over-year shipments in the Northeast, the largest on record for any region dating back to Q2 2017

• Why a reduction in port volumes in the West is creating just enough extra capacity to drive spend down

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2023 Q2 U.S. Bank Freight Payment Index: https://bit.ly/3VuwnIk

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-2023-q2-freight-payment-index-1156

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