Chart of the Week: Total outbound loaded rail container volume, Intermodal spot rates – USA SONAR: ORAILL.USA, INTRM.USA
Intermodal demand is only 2% off the peak COVID-era value that it hit in late 2020, but spot rates are 42% lower than where they were at that point. Have the railroads solved all their problems?
Loaded intermodal — both domestic and international — container volumes are up 10% over 2023, but spot rates are down about 8%. This seems contradictory.
Demand typically correlates well...
https://www.freightwaves.com/news/intermodal-gains-share-but-at-what-cost