Supply Chain Now Radio

In 2022, U.S. Bank processed $46 billion in freight payments for some of the world’s largest corporations and government agencies. Those payments and the data that accompanies them are analyzed quarterly by Bobby Holland, U.S. Bank vice president and director of Freight Data Solutions and his team. The FPI report includes quarter over quarter, year over year, and full year data and analysis.In Q4, truck freight shipments experienced the largest year-over-year drop in volume since the third quarter of 2020 – the height of the COVID-19 pandemic. Although volume is down, driven in part by a decline in consumer spending, carrier spending did not decline significantly, suggesting that capacity is tight and that cost pressures are driving smaller carriers out of the market.In this interview, Bobby is joined by Enrique Alvarez from Vector Global Logistics to share the results of the Q4 2022 report with Supply Chain Now Co-hosts Greg White and Scott Luton, interpreting what they may mean for the economy and the shipp