If you’ve been a long time follower and reader of the Buyers Meeting Point blog, you know that economics is a key part of the coverage we provide. As the Business Survey Chair for the ISM-New York Report on Business, I have the responsibility for taking the monthly surveys completed by purchasing managers in the New York Metro area and interpreting them, looking for insights and trends on demand for professional services. This report, along with the other regional and the national ISM manufacturing and non-manufacturing reports, are often based on data collected for one purpose and then leveraged for another.
The same is true of the U.S. Bank Freight Payment Index. In 2019, U.S. Bank processed $28.8 billion in freight payment transactions. Those payments and the data that accompanies them are analyzed by the Freight Data Solutions team at U.S. Bank. The FPI report is released quarterly, and includes quarter over quarter, year over year, and full year data and analysis.