# Q3 Freight Spending Climbs 32.1% as Volumes Edge Up

> 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.

- Date: 2026-11-09 · published 2026-11-09T15:09:34.830Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/89665-q3-freight-spending-climbs-32-1-as-volumes-edge-up
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

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.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2024-09-23 | [After 10 straight weeks of declines, DOE/EIA diesel price up slightly - FreightWaves](https://feedsoft.ai/events/28499-after-10-straight-weeks-of-declines-doe-eia-diesel-price-up-slightly.md) | -1.4% | -0.4% |
| DIESEL | 2020-11-09 | [DOE/EIA weekly diesel price up 1.1 cents per gallon - FreightWaves](https://feedsoft.ai/events/50324-doe-eia-weekly-diesel-price-up-1-1-cents-per-gallon-freightwaves.md) | +5.1% | +22.2% |
| DIESEL | 2021-11-15 | [DOE/EIA diesel price up for 9th straight week - FreightWaves](https://feedsoft.ai/events/11827-doe-eia-diesel-price-up-for-9th-straight-week-freightwaves.md) | -4.8% | -7.1% |
| DIESEL | 2025-05-22 | [Barge grain movements surge, rail volumes up year-over-year \| Feed & Grain](https://feedsoft.ai/events/16450-barge-grain-movements-surge-rail-volumes-up-year-over-year-feed-and-grain.md) | -4.2% | +19.3% |
| DIESEL | 2026-10-28 | [Diesel climbs to $6.35 nationally, while gasoline prices edge lower](https://feedsoft.ai/events/272-diesel-climbs-to-6-35-nationally-while-gasoline-prices-edge-lower.md) | -4.2% | — |

## Sources

- fleetequipmentmag.com: https://www.fleetequipmentmag.com/q3-freight-spending-us-bank-index/

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