U.S. Bank and J.B. Hunt are working together on payments solutions. In this fireside chat, leaders from both companies talk about the state of the financial supply chain.
Freight payments data from U.S. Bank showed sequential increases in volumes and costs during the second quarter.
U.S. Bank, a major lender to the supply chain, has brought in LiquidX as its fintech partner to speed up its digitization process.
Every region except the Southwest moved less volume than in Q3.
U.S. Bank’s Spend Index does include the price of fuel, which has helped to drive it higher.
“In times of natural disasters, you find an increase in purchases of fuel, maintenance, food and hotels for drivers. … Many of our current customers need help routing their fleets during those times.”
Also on the podcast: the flat market in diesel of the past few weeks may be disappearing.
This white paper details how carriers can work to gain better visibility into their financial status and strengthen relationships with their customers.
Declines in trucking shipments and spend, current and future, highlight the takeaways from U.S. Bank’s first-quarter Freight Payment Index report.
Court filings show that FTI, the Canadian sibling of HVH, had more than C$18 million in debts including C$16 million to U.S. Bank in one of the country’s few documented trucking failures of 2019.
