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Drilling Deep: What invoices are telling us about the strength of the freight market

Image: Jim Allen/FreightWaves

Whenever there’s a transaction in the supply chain, there’s an invoice. And a lot of those invoices get processed by US Bank, which has long had a large amount of business in the trucking sector.

The bank puts together a quarterly summary known as the U.S. Bank’s Freight Payment Index, and it’s a good barometer of the strength or weakness in the market. Bobby Holland, vice president and Director of Freight Solutions at US Bank, will join Drilling Deep host John Kingston to talk about what the bank said about market conditions in the second quarter.

John will also talk about the push to restrict the construction of new oil and gas pipelines in the U.S., why it’s mostly futile but is yet one more place for a competitive standoff between the trucking and rail industries.

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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.