Freight Finance

Be it truckload, less-than-truckload, rail, parcel, etc., shipping activity and costs keep declining. Year-over-year total shipments are down 5.6%, expenditures are down 15.7%, freight rates are down 10.7%, and per mile truck rental costs are down 15.3%. For purposes of comparison, during 5/21, Y-o-Y shipment growth peaked at 36%, Y-o-Y expenditure growth peaked during 6/21 at 57%, and freight rate growth peaked during 11/21 at almost 40%.