Shipping & Freight #freight payment index#spot rates
U.S. Bank Freight Payment Index Shows Spot Rates Surging 31% Year-Over-Year
The U.S. Bank Freight Payment Index reports dry van spot rates surged 31.29% year-over-year in May 2026 to $2.14 per mile, while contract rates rose 9%. Volumes declined, indicating a supply-side-led market repricing. The contract-spot spread narrowed to $0.11 per mile, reducing shipper cost buffers.
Jun 29, 2026 1 source