Business, Freight News, Road, Sea

Intermodal Advances with Strong Q2 Growth

[ August 7, 2018   //   ]

Total intermodal volumes advanced 6.2% year-over-year in the second quarter of 2018, after posting 7.2% growth in the first quarter, according to the Intermodal Association of North America’s Intermodal Market Trends & Statistics report. International intermodal volumes increased 4.8%, domestic containers 6.1%, and trailers led overall growth at 18.1%.

“Continued intermodal volume growth was driven by the domestic market during the second quarter. Higher fuel prices, tight over-the-road capacity and a strong economic performance were factors attributed to this advance,” said Joni Casey, president and CEO of IANA.
The seven highest-density trade corridors accounted for 63.2% of total volumes and were collectively up 6.6%. The Northeast-Midwest again performed the best of the seven with volumes gaining 12.8%. The South Central-Southwest, intra-Southeast and Midwest-Northwest lanes had growth of 8.4%, 7.1% and 6.2% respectively, while the trans-Canada and Midwest-Southwest came in at 4.4% and 4.2%. The Southeast-Southwest eked out 0.8% growth.
Intermodal Marketing Companies had another strong quarter, consistent with previous quarters, with total loads rising 10.6%, mostly on highway gains. The previous quarter posted 10.8%. Revenue grew by 28.6% compared to the 27.1% growth in Q1.