Erik Green

The U.S. Bank Freight Payment Index for 3Q 2021 has been released, and one thing remains clear: spend is up. More specifically, year over year, quarterly freight spend showed the second largest increase ever – rising 32.6% from 3Q 2020. What’s driving the dollars, and what can this increase tell us about the state of the supply chain across the country? Supply Chain Now co-hosts Scott Luton and Greg White recently sat down with Bobby Holland, Director, Freight Data Solutions at U.S. Bank, and Patricia Gabriel, Vice President US Customer Service & Logistics, at Mondelez International, to find out. Let’s review highlights from their discussion of the report – and take a look at what you need to consider moving forward. But first, what is the U.S. Bank Freight Payment Index? The U.S. Bank Freight Payment Index is a free report you can download each quarter to keep your finger on the pulse of freight shipping volumes and spend from both a national and regional perspective. The report uses actual transaction payment data, de-seasonalized and calendar adjusted for maximum comparability. How do I use it? When you’re asking the question, “What happened last quarter?” the U.S. Bank Freight Payment Index…

Get ready to increase your supply chain IQ! Check out all the latest episodes, interviews, conversations, and livestreams from this week right here! On Saturday, Karin Bursa welcomed Manda Hunt from the Empty Stocking Fund to TEK TOK to talk about how the organization transformed from a brick and mortar model to an online virtual gift selection.     On Sunday, Scott and Greg welcomed Mark Morley from OpenText to the podcast to share his key observations in the latest supply chain tech.     On Monday’s podcast episode, Wasim Munayyer from the Munayyer Group joined Jamin on Logistics & Beyond to talk about the three traits needed to succeed when it comes to optimizing technology in the freight space & the importance of leveraging available resources and information related to tech.     On Tuesday, Scott Luton and special co-host Page Siplon with TeamOne Logistics welcome an esteemed panel of mental health advocates on the podcast: John Hearn with The Benefit Company and established healthcare leader, Yinka Ajirotutu.     On Wednesday, Scott Luton and Greg White welcome Eric Olson with Total Quality Logistics and Bobby Holland with U.S. Bank to talk about the U.S. Bank Freight Payment Index.…