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

By: Rick LaGore on March 9th, 2018

Print/Save as PDF

Intermodal Spot Rate Pricing Trendline Analysis - Mar 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:intermodal trucking.jpg

Domestic intermodal spot rates are:

  • Down (0.03)% from last week.
  • Up 5.7% from 90 days ago.
  • Up 39.7% from prior year.

Domestic intermodal spot rate index remain at record levels, which does not speak positively for spot rates easing as we enter into quarter end, spring shipping season and full ELD implementation.

Chicago remains a challenged market with intermodal ramps congested with inbound and outbound volume, but is not the only the ramp dealing with elevated volumes, container shortages and dray capacity challenges.     

49.1% of the 120 lanes tracked within the index experienced a decrease. 

DAT reported the national average truckload spot market market steadied this week at $2.14 a mile.  With capacity and the truckload spot prices elevated, modal conversion continues to be of great interest for shippers.

Diesel Fuel Comments: 

The EIA reported average diesel fuel price of $2.992 per gallon this week, which is a $0.015 decrease from the prior week. 

The price per gallon is up $0.413 or 16.0% higher from the same period last year.    

Oil remains above $60 a barrel with WTI and Brent closing this week at $62.08 and $65.57, respectively.  

The most recent projection by the EIA for diesel and oil prices were published on February 6, 2018.  In the report, diesel is projected to average $2.91 in calendar year 2018, which is an increase over the $2.83 projection issued in November 2017.  

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-42.png

 Intermodal & Diesel Compare to Baseline-20.png

Intermodal & Diesel Yr-over-Yr Comparison-42.png

Intermodal & Diesel Price Yr-over-Yr  Change-31.png

Intermodal & Diesel Qtr-over-Qtr Comparison-39.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