# U.S. Bank Freight Payment Index: Shipper Costs Hit Five-Year High as Freight Demand Stalls

> The U.S. Bank Freight Payment Index shows third-quarter shipper spending up 32.1% year over year, the largest annual increase since 2021. The rise is attributed to tightened carrier capacity and diesel prices above $6.50 per gallon nationally.

- Date: 2026-10-29 · published 2026-10-29T18:06:01.582Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/1461-u-s-bank-freight-payment-index-shipper-costs-hit-five-year-high-as-freight
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight and diesel costs raise delivered feed ingredient costs and squeeze margins for buyers and carriers, supporting the cost base for feed and livestock supply chains.

## Read by commodity

- DIESEL: bullish ▲
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2017-08-31 | [US oil set for biggest monthly loss in over a year as floods hit demand](https://feedsoft.ai/events/69602-us-oil-set-for-biggest-monthly-loss-in-over-a-year-as-floods-hit-demand.md) | +7.1% | +8.9% |
| DIESEL | 2026-03-30 | [Mississippi River Reopens As Freight Costs Begin Rising -](https://feedsoft.ai/events/16378-mississippi-river-reopens-as-freight-costs-begin-rising.md) | -4.2% | -12.2% |
| DIESEL | 2024-01-26 | [Europe’s Diesel Supply Chain Threatened by High Freight Costs - TT](https://feedsoft.ai/events/32308-europe-s-diesel-supply-chain-threatened-by-high-freight-costs-tt.md) | -2.4% | -3.8% |
| DIESEL | 2022-11-18 | [Diesel drives fleet costs, freight market shifts \| FleetOwner](https://feedsoft.ai/events/38878-diesel-drives-fleet-costs-freight-market-shifts-fleetowner.md) | -9.9% | -15.1% |
| DIESEL | 2021-07-11 | [Fuel costs push rates higher faster in 2021 - FreightWaves](https://feedsoft.ai/events/46244-fuel-costs-push-rates-higher-faster-in-2021-freightwaves.md) | -2.1% | -3.4% |

## Sources

- businesswire.com: https://www.businesswire.com/news/home/20261029599886/en/U.S.-Bank-Freight-Payment-Index-Shipper-Costs-Hit-Five-Year-High-as-Freight-Demand-Stalls

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