Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Freight Shipments, Spending Levels Post Double-Digit Gains

A measure of quarterly freight shipment and spending activity showed big gains in the first quarter of 2018 compared to the same time a year ago, reflecting a stronger economy.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
April 26, 2018
2 min to read


The U.S. Bank National Spend Index grew again during the first quarter of 2018 both sequentially and year-over-year, highlighting continued tightness in the truck market.

A measure of quarterly freight shipment and spending activity showed big gains in the first quarter of 2018 compared to the same time a year ago, reflecting a stronger economy.

The U.S. Bank Freight Payment Index showed while the level of freight shipments moved 12.6% higher in the first three months of the year, the amount of freight spending was nearly double. The 24.5% increase indicates that driver shortages have become more acute, putting upward pressure on rates as demand grows.

Ad Loading...

The gauge also recorded 1.4% gains in both shipments and spending for the first quarter of 2018 compared with the final quarter of 2017.

For the index, whose data stretches back to 2010, the 1.4% increase in shipments marked its fifth straight quarterly rise, while the 1.4% upturn in freight spend resulted in its highest-ever first quarter reading.

“Motor carriers of all types are having extreme difficulty finding qualified drivers, which is constraining capacity and pushing driver pay higher,” said American Trucking Associations Chief Economist Bob Costello, who provides expert analysis on the index results. “The capacity situation will likely get even tighter throughout the year as economic growth accelerates and fleets have a difficult time adding trucks to meet that added demand.”

Ad Loading...

The Midwest was the strongest shipping region in the first quarter, jumping 3% from fourth quarter 2017 due to continued strength in the factory sector. There was a 1.6% rise in shipments in the Southwest. The Southeast and West also saw gains in shipments, but by less than 1% each.

The Northeast has seen the weakest growth numbers in shipments for two quarters running. After no gain in the final quarter of 2017, shipments slumped 0.3% in the first quarter of 2018. One of the factors likely hurting volumes was adverse winter weather, especially late in the first quarter, according to the report. Bad winter storms impacted construction activity and general freight movements for all products.

Spending was mixed across the regions during the first quarter, with the Southeast and Northeast registering declines, while the other regions saw gains. The largest increase was the Midwest at 5.2%.

Overall freight spending has now increased sequentially for seven straight quarters, totaling 31.4%.

The quarterly U.S. Bank Freight Payment Index measures changes in shipment and spend activity based on data from transactions processed through the U.S. Bank Freight Payment system. These transactions are made on behalf of clients across a range of industries, including automotive, manufacturing, food and retail, according to U.S. Bank.

Related: Freight Payment Index Offers Helpful Regional Benchmark

More Fleet Management

Mobile tablet showing Motus screen against highway background with Motus logo

FMCSA’s Motus System Is Coming. What Fleets Need to Know Now

The long-awaited registration system promises a single portal — and tighter fraud controls.

Read More →
CargoNet 2026 Qi report.
Fleet Managementby News/Media ReleaseApril 24, 2026

Cargo Theft Incidents Fall in Q1, but Organized Crime and Impersonation Drive New Risks

CargoNet reports fewer supply chain crime events to start 2026. But losses hold steady as organized crime shifts tactics toward impersonation schemes and high-value goods.

Read More →
Graphic with light bulbs, HDT Truck Fleet Innovators logo, and the word Nominations
Fleet ManagementApril 24, 2026

Nominations Open for HDT Truck Fleet Innovators 2026

Heavy Duty Trucking is searching for forward-looking leaders at trucking fleets as nominations for HDT’s Truck Fleet Innovators 2026. Deadline is May 15.

Read More →
Ad Loading...
Illustration with trojan horse and lock with inside of cargo container in background
Fleet Managementby News/Media ReleaseApril 23, 2026

New Trojan Driver Cargo Theft Scam Bypasses Carrier Vetting Systems

Cargo theft rings plant operatives as drivers inside legitimate, fully vetted carriers, then execute coordinated thefts that look like a traditional straight theft from the outside.

Read More →
ATA Truck Tonnage Index March 2026.
Fleet Managementby News/Media ReleaseApril 22, 2026

March Truck Tonnage Posts Strongest Annual Gain Since 2022

A modest sequential increase capped the strongest quarterly performance in years, signaling continued freight momentum in early 2026.

Read More →
Toll road.
Fleet Managementby Jack RobertsApril 22, 2026

Ohio Turnpike Targets $5.2 Million in Unpaid Tolls from Trucking Firms

More than 300 carriers across 26 states have been sent to collections as the Ohio Turnpike cracks down on toll evasion and delinquent payments.

Read More →
Ad Loading...
Illustration with ATRI logo and square blocks spelling out "research"
Fleet Managementby Deborah LockridgeApril 20, 2026

'Beyond Compliance,' Regulations, Driver Coaching on ATRI’s 2026 Research List

The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.

Read More →
Brian Antonellis, senior vice president, fleet operations, Fleet Advantage.
Fleet Managementby Jack RobertsApril 17, 2026

Fleet Advantage's Brian Antonellis on the Growing Need to Replace Old Trucks

Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.

Read More →
Illustration of computer and mobile screens with load matching software superimposed over photo of an oversize load
Fleet Managementby News/Media ReleaseApril 17, 2026

Truckstop.com Adding to Open Deck, Heavy Haul Offerings

Load matching for flatbed, lowbed, oversize and overweight loads can't be automated like basic van freight, but Truckstop.com is adding more high-tech tools to help.

Read More →
Ad Loading...
Trucker Path, Truckstop.com partnership expands.
Fleet Managementby News/Media ReleaseApril 14, 2026

Trucker Path, Truckstop.com Expand Load Access Partnership

An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.

Read More →