Intermodal Spot Rate Pricing Trendline Analysis - Nov 16 2017 Blog Feature
Rick LaGore

By: Rick LaGore on November 16th, 2017

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Intermodal Spot Rate Pricing Trendline Analysis - Nov 16 2017

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.

intermodal and truckingintermodal_crossing.jpg

Comments on the Weekly Intermodal Rate Charts:

Domestic intermodal spot rates are:

  • Up 2.0% from last week.
  • Up 20.5% from 90 days ago.
  • Up 21.1% from prior year.

California outbound traffic is the primary driver of the domestic intermodal spot rates jumping this week.  On the plus side, we saw typical pricing pattern out of Chicago this week, which is as California's spot market rates increase Chicago rates drop in response to intermodal container owners trying to get their boxes into California loaded.  This pattern has not held true for most of peak season, which is atypical.

Capacity continues to remain constrained in the truckload market also, as the DAT national average remains above $2.00 at $2.03 a mile, only $0.03 lower than post-hurricane peak.    

Diesel Fuel Comments:

The EIA reported average diesel fuel price of $2.915 per gallon this week, which is a $0.033 increase from the prior week.  The price per gallon is up $0.472 or 19.3% higher from the same period last year.    

Oil remains above $50, although has dropped roughly $2.00 from the prior week.  WTI and Brent trading today at $55.20 and $61.50, 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.  WTI and Brent are expected to average $51.04 and $55.61a barrel in 2018, respectively.

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-27.png

Intermodal & Diesel Compare to Baseline-5.png

Intermodal & Diesel Yr-over-Yr Comparison-27.png

Intermodal & Diesel Price Yr-over-Yr  Change-16.png

Intermodal & Diesel Qtr-over-Qtr Comparison-25.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.

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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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