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U.S. shipper freight spending rose 32.1% year over year in the third quarter, the largest annual increase since 2021, while shipment volumes increased just 0.5%. The U.S. Bank Freight Payment Index attributed the spending increase mainly to tighter carrier capacity and diesel prices above $6.50 per gallon.
Higher fuel costs and limited trucking capacity increase transport costs for feed and agricultural buyers, even as shipment volumes remain nearly flat. The data supports a bullish signal for diesel and higher delivered commodity costs.
fleetequipmentmag.comKevin LingerNov 9, 2026After 109 past bullish report events, ULSD / Diesel moved a median +0.2% over 5 sessions (51% higher; middle half -3.3% to +3.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
