Monica Truelsch

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…

Fuel is the second largest and most volatile operating expense in transportation, and traditional fuel surcharge programs expose your budget to unnecessary costs and risks. Forecasts for 2026 signal continued volatility, making it critical for transportation leaders to move beyond outdated, average-based reimbursement models. Our 2026 Fuel Outlook provides the data-driven insights you need to navigate market complexities and turn your fuel spend from a volatile cost center into a powerful strategic advantage. Key Takeaways from the Report: An emerging global supply surplus is creating downward pressure on crude oil prices, yet regional disruptions are adding significant volatility. Refinery closures on the West Coast and continued U.S. diesel exports are tightening domestic supply and creating complex pricing dynamics. Traditional fuel surcharge programs based on the weekly DOE index are inaccurate, leading to missed savings opportunities. Learn why Fuel Recovery is the definitive solution for fair and accurate fuel reimbursement. DOWNLOAD NOW