Weekly discussion and analysis on the trends in the intermodal and truckload spot market.
Comments on the Weekly Intermodal Rate Charts:
Domestic intermodal spot rates are:
Up 0.2% from last week.
Up 1.8% from 90 days ago.
Up 11.8% from prior year.
Domestic intermodal rates remained relatively unchanged from last week.
Capacity is loosening, but we are still not out of the woods. Between the frigid weather and tightness in the truckload market pushing shippers to look to domestic intermodal alternatives, we can expect rates to remain at historical highs.
Diesel Fuel Comments:
The EIA reported average diesel fuel price of $2.973 per gallon this week, which is a $0.070 increase from the prior week.
The price per gallon is up $0.387 or 15.0% higher from the same period last year.
Oil pushed higher this week. WTI and Brent closed at $61.55 and $67.69, 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.