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U.S. Freight Spending Jumps 32.1% Year Over Year, U.S. Bank Index Shows

By Public Technologies
  • U.S. shipper spending surged 32.1% year over year in the third quarter, the largest annual increase since 2021.
  • Spending rose 5.2% quarter over quarter, while shipment volumes edged up 0.4%.
  • Annual shipment growth was just 0.5%, highlighting sharply higher costs despite largely unchanged freight demand.
  • Tighter carrier capacity, stronger pricing power and national diesel prices above $6.50 per gallon drove cost increases.
  • Southwest spending jumped 51.6% year over year, the largest regional increase, as enforcement actions reduced driver availability.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 202610290800BIZWIRE_USPR_____20261029_BW599886) on October 29, 2026, and is solely responsible for the information contained therein.

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