Intermodal Spot Rate Pricing Trendline Analysis - Jan 9 2018 Blog Feature
Rick LaGore

By: Rick LaGore on January 12th, 2018

Print/Save as PDF

Intermodal Spot Rate Pricing Trendline Analysis - Jan 9 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.

Comments on the Weekly Intermodal Rate Charts:IDS-Intermodal-Containers.jpeg

Domestic intermodal spot rates are:

  • Up 0.7% from last week.
  • Down 2.0% from 90 days ago.
  • Up 14.9% from prior year.

Domestic intermodal rates inch up this week, although off their record highs that were hit just a few short weeks ago.

According to the DAT Trendlines report 53' dry van rates continue to set new record highs.  As reported by DAT, truckload spot rates are up 22% over prior year.  This is in contrast to 53' domestic intermodal rates reported to be up 15% over prior year.  A comparison between the two 53' capacity alternatives would indicate there is the opportunity for shippers to consider modal conversion.

100% of the 120 lanes InTek tracks increasing from prior week, with an average increase of $28.

Capacity appears to be relatively balancing, although challenges do exist and tend to be found in the cold temperature cities more so than others.

Diesel Fuel Comments:

The EIA reported average diesel fuel price of $2.996 per gallon this week, which is a $0.023 increase from the prior week.

The price per gallon is up $0.399 or 15.4% higher from the same period last year.    

Oil pushed higher again this week.  WTI and Brent trading today at $64.20 and $69.75, 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
  • Rolling Quarter-over-Quarter Comparison - 53' Domestic Intermodal and Diesel Fuel Prices

 Intermodal & Diesel Prices-34.png

 Intermodal & Diesel Compare to Baseline-12.png

Intermodal & Diesel Yr-over-Yr Comparison-34.png Intermodal & Diesel Price Yr-over-Yr  Change-23.png

 Intermodal & Diesel Qtr-over-Qtr Comparison-32.png

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