# Q2 U.S. Bank Freight Payment Index sees declines driven by COVID-19 - Logistics Management

> The U.S. Bank Freight Payment Index shows the second-quarter National Shipment Index at 114.9, down 7.6% from the first quarter and 12.5% year over year. The spend index fell 13.7% as lockdowns cut freight volumes across the US economy. The report's author describes the data as pointing to a US recession.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/10478-q2-u-s-bank-freight-payment-index-sees-declines-driven-by-covid-19-logistics
- Commodities: [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Weak freight demand signals softer US economic activity and lower trucking demand. The effect on feed commodity prices is limited.

## Sources

- stage.logisticsmgmt.com: https://stage.logisticsmgmt.com/article/q2_u.s_bank_freight_payment_index_sees_declines_driven_by_covid-19

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.