News / Trucking costs rise as US freight traffic grows – but the momentum is slowing

Source Ports of Georgia

US freight traffic continued to grow in the third quarter, but it is losing momentum, according to the US Bank Freight Payment Index.

However, the reduced pace of growth has not slowed the rise in freight spend, reflecting ongoing capacity challenges.

The index shows truckload shipment volumes in Q3 climbed 1.5% over the second quarter and 2.4% over Q3 20. marking a slowdown from the pace of April-June, when traffic was 4.4% higher than in Q1 and up 6.8% year on year.

Two ...