Intermodal Spot Rate Pricing Trendline Analysis - Apr 17 2018 Blog Feature
Rick LaGore

By: Rick LaGore on April 17th, 2018

Print/Save as PDF

Intermodal Spot Rate Pricing Trendline Analysis - Apr 17 2018

Intermodal | diesel fuel price | truckload | intermodal spot rates | intermodal spot rate index trendlines

Weekly discussion and analysis on the trends in the intermodal and truckload spot market.

Domestic intermodal spot rates are:intermodal_shipping_containers

  • Down 6.2% from last week.
  • Up 3.3% from 90 days ago.
  • Up 33.6% from prior year.

The intermodal spot rate index made one of its biggest moves down this week with 81.7% of the lanes tracked experiencing a decrease over the prior week. 

The average rate decrease was 4.2%, excluding Chicago. 

Major Chicago outbound lanes weighed heavy on the index, with an average decrease of 20%.  Chicago outbound rates have been outpacing the other lanes in the index for several weeks, so this was a welcome and expected relief that is the result of the volume / congestion issues working themselves out of the area.

National truckload spot rate, as reported by DAT, decreased 1.4% over the prior week with the average being $2.21 a mile.

Diesel Fuel Comments: 

The EIA reported average diesel fuel price of $3.104 per gallon this week, which is a $0.061 increase from the prior week and the fourth consecutive week the diesel price has increase. 

The price per gallon is up $0.507 or 19.5% higher from the same period last year.    

Oil prices are trending down for WTI and Brent trading in the range of $66.50 and $71.50, respectively.  Political instability continues to have the market on edge with the possibility of production issues in the region. 

The most recent projection by the EIA for diesel and oil prices reported prices will average $2.90 in calendar year 2018.  The expectation is supply will outpace demand, particularly in the back half of 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
  • 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
  • 53' Domestic Intermodal and Diesel Prices Quarter-Over-Quarter Comparison
 Intermodal & Diesel Prices-46

 Intermodal & Diesel Yr-over-Yr Comparison-46

 Intermodal & Diesel Yr-over-Yr Percentage Comparison-2

 Intermodal & Diesel Yr-over-Yr Percentage Comparison-3

For more on 53' domestic intermodaltruckload and managed transportation services, sign-up for our weekly blogs and visit the InTek Freight and Logistics website.

For logistics and freight news and trends, follow InTek on its company LinkedIn Page.  Follow InTek on LinkedIn

INTERMODAL Free Rate Quote

Click here for your free download of  What You Need to Know to be Successful with Intermodal

SunteckTTS  InTek Freight & Logistics is an agent of 

 

About Rick LaGore

Rick is the co-founder and CEO of InTek Freight & Logistics, a company focused on being the place where companies come when faced with a logistics problem.

  • Connect with Rick LaGore