Chart of the Week: Intermodal Spot Rates – USA SONAR: INTRM.USA
The average national spot rate for intermodal shipments by rail have increased 58% since early June, or $0.79/mile. The normally rational intermodal market, a safe haven for many shippers, has succumbed to the pressure of the surging freight volumes arriving on the West Coast. What is more impressive than the absolute rate, which is the highest in five years, is the rate of increase.
It has taken only three months for the U.S....
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