Intermodal is containing the truckload market

Chart of the Week: Outbound Loaded Rail Container Volumes, Outbound Tender Volume Index – USA SONAR: ORAILL.USA, OTVI.USA

Intermodal demand remains elevated through early November, averaging over 8% higher from an annual perspective. Truckload demand appears to be waning at the same time, with the national Outbound Tender Volume Index (OTVI) showing 3% lower versus this point in 2023. Intermodal demand tends to decline in November as supply chains shift to a more reactive state. Is intermodal...

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