Freight market conditions continued to slog along in Q4, according to U.S. Bank Freight Payment Index data.
Spending and shipments were relatively flat for all of 2024, but that also meant discouraging drops in those metrics each quarter compared to 2023. Year over year, Q4 spending declined 22%, and shipments decreased by nearly 16%.
The sluggishness came from cyclical challenges as well as structural shifts from private fleet expansions, according to the index report that was released last week.
