Intermodal volumes and rates are weak compared to 2019, which was weak compared to 2018. That fundamental picture hasn’t changed, but it now appears that activity in trucking markets is providing some lift to intermodal. Intermodal volumes last week were down just 7.3% year-over-year (y/y), substantially better than the four-week moving average of -11.4%.
As further evidence that trucking tightness and pricing are affecting shipper mode selection, intermodal volumes and rates are strongest where...
https://s29755.pcdn.co/news/intermodal-markets:-starting-to-look-cheap-again