• U.S. Bancorp analysis showed US truck freight rates jumped in April-May despite falling shipment volumes in the quarter.
• May spot rates rose 31.29% year over year; contract rates increased 9%.
• Spot prices climbed to $2.14 per mile in May from $1.89 in March; contract rates rose to $2.18 from $2.09.
• Spot volumes fell to about 1,110,000 in May from roughly 1,360,000 in March; contract volumes dropped to about 739,000 from 852,000.
• Capacity tightening was flagged as the key driver of higher costs despite softer demand conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U.S. Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20260629086614) on June 29, 2026, and is solely responsible for the information contained therein.