Intermodal volumes continue to outperform the trailing 4-week average, and there are a few reasons why we believe this trend will continue.
First, shippers are running into capacity issues getting freight out of China, reflected in Freightos Baltic Index spot rates for 40’ containers from China to the West Coast. That rate, which has been grinding upward since a bottom in March, ripped to the upside beginning in June. On May 29, shippers in China were booking spot containership capacity for...
https://s29755.pcdn.co/news/intermodal-markets:-la-turns-up-again