Although U.S. West Coast demand for intermodal rail service in late January might not be as tight as what the market witnessed in the fourth quarter of 2020, the spot market is still showing some signs of tightness, according to FreightWaves’ SONAR charts.
Intermodal tender rejection rates show that carriers are still struggling to meet customer commitments, according to Mike Baudendistel, FreightWaves’ market expert for rail and intermodal.
“Intermodal tenders are rejected by carriers at much...