intermodal spot rates

West Coast intermodal spot market still strong despite falling rates

A photograph of a Union Pacific train hauling intermodal containers across a field.

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...

https://www.freightwaves.com/news/west-coast-intermodal-spot-market-still-strong-despite-falling-rates

Ocean volumes lead domestic freight charge

Chart of the Week:  Outbound Tender Volume Index – Los Angeles, Customs Import Shipments – Los Angeles SONAR: OTVI.LAX, CSTM.LAX

Anyone who regularly consumes FreightWaves information knows there is a strong connection between import volumes and the domestic freight market. This year, total custom shipments were 17% higher in early August versus the same period in 2019 — mostly driven by imports into Los Angeles — and trucking tender volumes out of LA are 73% higher year-over-year (y/y).

In...

https://s29755.pcdn.co/news/ocean-volumes-lead-domestic-freight-charge