News / More casualties in US trucking sector expected after Q1 slump in volume and spend

© Andrii Yalanskyi

Amid the speculation on when the US trucking market will finally rebound, US Bank’s Freight Payment Index for the first quarter, published today, provides sober reading.

It shows decline against Q4 23, and a year-on-year drop, both in shipment count and freight spending.

Shipment volume slipped 7.8% from the previous quarter and 21.6% year on year,  while spending was worse, dropping 16.8% from Q4 23 and 27.9% from Q1 23.

The year-on-year slump in shipments was the worst on record, notes US Bank.

Bobby ...