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U.S. Bank: Truck Freight Services Spending Grew 25% in 2017

April 26, 2018

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Spending on truck freight services surged nearly 25% and freight shipments grew 12.6% in 2017 as the economy expanded and the trucking industry paid more to obtain capacity and on driver compensation, according to the U.S. Bank Freight Payment Index.

The bank builds its quarterly freight index on data from the $24.5 billion in global freight payments it processes annually for corporate and federal government clients. Its broad payment index incorporates the National Shipment Index that covers freight shipping volumes, along with the National Spend Index covering spending on truckload and less-than-truckload shipping.trucking industry

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