Comments on the Weekly Intermodal Rate Charts:
Domestic intermodal spot rates are:
- Up 0.8% from last week.
- Down 0.8% from 90 days ago.
- Up 16.6% from prior year.
Domestic intermodal rates inch up for the second consecutive week.
DAT Trendlines reported the national average for 53' dry van rates was $2.28 per mile, which is a decrease of $0.02 a mile. This positions the national truckload spot rate up 22% over prior year versus domestic intermodal being up 17%. The combination of the percentage increase being lower with intermodal and the truckload rate having held over $2.00 a mile creates more conversation and execution of modal conversion in the marketplace.
Cold temperature cities continue to struggle with capacity on any given day.
Diesel Fuel Comments:
The EIA reported average diesel fuel price of $3.028 per gallon this week, which is a $0.032 increase from the prior week.
The last time diesel was above $3.00 a gallon was for the week of Jan 12 2015, when it reported $3.053 a gallon.
The price per gallon is up $0.443 or 17.1% higher from the same period last year.
Oil is only slightly down this week with WTI and Brent is trading today $64.10 and $69.45, respectively.
The most recent projection by the EIA for diesel and oil prices were published on November 7. In the report, diesel is projected to average $2.83 in calendar year 2018.
The full spreadsheet of the historical weekly price moves of diesel full can be found at https://www.eia.gov/petroleum/gasdiesel/.
Graphs listed below include:
- 53' Domestic Intermodal Price Index & Diesel Fuel Prices
- Price Changes in 53' Domestic Intermodal Pricing & Diesel - 1/1/2013 Baseline
- Rolling 52 Year-over-Year Comparison - 53' Domestic Intermodal and Diesel Fuel Prices
- Rolling 52 Year-over-Year % Change - 53' Domestic Intermodal and Diesel Fuel Prices
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