Intermodal Spot Rate Pricing Trendline Analysis - Apr 3 2018 Blog Feature
Rick LaGore

By: Rick LaGore on April 6th, 2018

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Intermodal Spot Rate Pricing Trendline Analysis - Apr 3 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:COFC-1

  • Down 1.1% from last week.
  • Up 8.6% from 90 days ago.
  • Up 38.9% from prior year.

Domestic intermodal spot rates decreased for the second consecutive week.

Outbound LA lanes were the biggest contributors to the decline, while Chicago outbound prices continued their rise holding back what could have been a much larger decline for the week.

Truckload spot rates continue to hold steady around $2.15 a mile, as reported by DAT.  Historically any price above $2.05 a mile has been a good indicator of modal conversion opportunities increasing.

Diesel Fuel Comments: 

The EIA reported average diesel fuel price of $3.042 per gallon this week, which is a $0.032 increase from the prior week and second consecutive week the diesel price has increase. 

The price per gallon is up $0.486 or 19.0% higher from the same period last year.    

Oil remains above $60 a barrel with WTI and Brent closing today at $61.99 and $67.08, respectively.  

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
  • 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
 Intermodal & Diesel Prices-44

 Intermodal & Diesel Compare to Baseline-22

Intermodal & Diesel Yr-over-Yr Comparison-44

Intermodal & Diesel Yr-over-Yr Percentage Comparison

Intermodal & Diesel Qtr-over-Qtr Comparison-41

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

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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.

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