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Capacity tightening and large fuel price spike pushes truck freight spending sharply higher in the first quarter Shipper spending rose sharply in the first quarter of 2026 as tightening capacity and a surge in diesel fuel prices pushed freight costs significantly higher, even as shipment volumes remained largely flat, according to the latest U.S. Bank Freight Payment Index . National shipment volume edged down 0.3% from the fourth quarter of 2025, while shipper spending jumped 12.9% over the same period. This was the largest quarter-over-quarter increase since late 2020. Compared with the first quarter of 2025, shipments rose 0.6%. Spending climbed 21.8% year over year, reflecting the combined impact of tighter capacity, higher rates and rising fuel surcharges. “This is a market being reshaped by supply, not demand,” said Bob Costello, senior vice president and chief economist at the American Trucking Associations. “The increase in rates and shipper spending reflects a rare

As National Small Business Week kicks off, Elavon, a wholly owned subsidiary of U.S. Bank (NYSE: USB) and one of the world’s largest payment processors, today announced the launch of Elavon Business Solutions, a new purpose-built suite designed to help small businesses start, operate, and grow with resources built specifically for their needs, now and over time, no matter their size, stage or industry. Elavon Business Solutions brings together payments, software and services in one unified platform, giving small businesses everything they need to run their business smoothly while reducing complexity. Built on Elavon’s trusted global payments infrastructure and backed by the strength and stability of U.S. Bank, the solution is designed to evolve with businesses as their needs grow—without forcing them to switch providers or platforms. “Small businesses don’t follow a one‑size‑fits‑all journey, and their payment solutions shouldn’t either,” said Pari Sawant, global chief product officer

U.S. Bank announced today that former National Football League (NFL) player and veteran wealth management professional Steven Israel joined the company as a Wealth Management Consultant, serving as an ambassador in the company’s efforts to help professional athletes with their banking and wealth management needs. Steven Israel The addition of Israel in this role builds on the momentum of the bank’s recent announcement of a multi-year partnership with the NFL, which names U.S. Bank as an official bank and wealth management sponsor of the league . The collaboration builds on a strong, trusted relationship between the two organizations spanning more than 20 years and represents a shared commitment to innovation and financial stability. Israel brings more than a decade of experience in the financial services industry, most recently at J.P. Morgan Private Bank, where he served as an executive director and banker. In that role, he advised a diverse client base — including individuals,