U.S. Bank Freight Payment Index shows strong Q1 freight shipment and spend growth
First quarter freight spend, at 187.8, was up 1.4% compared to the fourth quarter and 24.5% annually, as well as being the highest-ever quarterly reading, according to U.S. Bank. The report explained that the surge in freight spend was largely attributed to the ongoing truck driver shortage, which, in turn, led to rising rates in…
U.S. e-commerce logistics costs expected to keep heading in one direction: up
The ongoing impact of e-commerce related to logistics costs in the United States continues to head up rapidly, due to a variety of factors, according to a new report issued this week by supply chain consultancy Armstrong & Associates.