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.