Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index
Published . Updated .
The report’s third quarter shipment index value, at 75.4, was up 0.4% compared to the second quarter and rose 0.5% annually, with the first quarter and the third quarter representing the only annual gains over the last four years, with the second quarter down 2.8% annually.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- IYT iShares U.S. Transportation ETF
iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story.
- XLF Financial Select Sector SPDR-3.5% 30d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- BAC Bank of America-11.1% 30d
Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- JPM JPMorgan Chase-4.3% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- ZIM ZIM Integrated Shipping Services+1.3% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story.
- WFC Wells Fargo-3.6% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- C Citigroup-9.2% 30d
Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWET | -4.39% | -3.93% | base | -2.22% | after close | after close | after close |
| IYT | -1.16% | -1.02% | base | +1.94% | after close | after close | after close |
| XLF | -0.87% | -0.73% | base | +1.72% | after close | after close | after close |
| BAC | +1.08% | +1.74% | base | +0.27% | after close | after close | after close |
| JPM | -0.92% | +0.67% | base | +1.36% | after close | after close | after close |
| ZIM | +4.03% | +4.49% | base | +1.99% | after close | after close | after close |
| WFCNo price data for this ticker | — | — | — | — | — | — | — |
| CNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index Logistics Management
Source: Logistics Management
Amplify Commodity Trust (BWET) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | +0.27% | still updating |
| Bank Of America (BAC) | three days earlier | +1.74% | final price |
| Bank Of America (BAC) | five days earlier | +1.08% | final price |
| Amplify Commodity Trust (BWET) | that day | -2.22% | still updating |
| Amplify Commodity Trust (BWET) | three days earlier | -3.93% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -4.39% | final price |
| Ishares Tr (IYT) | that day | +1.94% | still updating |
| Ishares Tr (IYT) | three days earlier | -1.02% | final price |
| Ishares Tr (IYT) | five days earlier | -1.16% | final price |
| Jpmorgan Chase (JPM) | that day | +1.36% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | +0.67% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.92% | final price |
| Select Sector Spdr Tr (XLF) | that day | +1.72% | still updating |
| Select Sector Spdr Tr (XLF) | three days earlier | -0.73% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -0.87% | final price |
| ZIM Integrated Shipping Services (ZIM) | that day | +1.99% | still updating |
| ZIM Integrated Shipping Services (ZIM) | three days earlier | +4.49% | final price |
| ZIM Integrated Shipping Services (ZIM) | five days earlier | +4.03% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 70 days before publication. Filed 16 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 59 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 67 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 38 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 39 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 59 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who collects and who pays in shipping
Companies tied to this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index.” Reason on file: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- IYT Ishares Tr
Ishares Tr (IYT) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index.” Reason on file: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
- XLF Select Sector Spdr Tr
For “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
- BAC Bank Of America
For “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- JPM Jpmorgan Chase
For “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- ZIM ZIM Integrated Shipping Services
For “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index,” ZIM Integrated Shipping Services (ZIM) is linked, with no stored direction, medium confidence. Reason on file: ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
- WFC Wells Fargo
Wells Fargo (WFC) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index.” Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- DAC Danaos
Danaos (DAC) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index.” Reason on file: Danaos (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “freight” (container shipping) in this story
Amplify Commodity Trust (BWET) and the shipping link
On 2 Nov 2026, “Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index” is the story that connects Amplify Commodity Trust (BWET) to Shipping.
The link for Amplify Commodity Trust (BWET) is this: Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
Ishares Tr (IYT) is here too. Its reason reads: iShares U.S. Transportation ETF: it tracks shipping freight. Linked by “freight” (container shipping) in this story
Price levels for Amplify Commodity Trust (BWET)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.
The shipping score for Amplify Commodity Trust (BWET)
54 out of 100Price not final
“Freight spending climbs despite sluggish volumes in Q3 U.S. Bank Freight Payment Index” scores 54 out of 100. The score uses 2 sources, and 8 linked companies. The price is not final yet.