Intermodal Spot Rate Pricing Trendline Analysis - Sep 21 2018 Blog Feature
Rick LaGore

By: Rick LaGore on September 21st, 2018

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Intermodal Spot Rate Pricing Trendline Analysis - Sep 21 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.

truckload and intermodalThe intermodal spot rate index decreased 0.4% over prior week.  Of the 115 lanes tracked in the weighted average index, 35.1% increased, 8.8% decreased and 56.1% went unchanged.  

For the week of September 17, 2018, domestic intermodal spot rates were:

  • Down 0.4% from prior week
  • Up 14.9% from 90 days ago.
  • Up 34.8% from prior year.

Spot rate increases came primarily from outbound Seattle, Atlanta and to some extent Chicago, while a small portion of outbound LA lanes decreased.

Year-over-year comparables will continue to be more difficult to overcome through the remainder of the year.  This trend started four weeks ago with the year-over-year percentage dropping from 49.0% to 34.8%.    

The national dry van spot rate, reported by DAT, a national average of $2.16 a mile.  This is a 1.8% decrease from the prior week and 20% higher over prior year. 

Diesel Fuel Comments: 

The EIA reported average diesel fuel price of $3.268 per gallon this week, which is a $0.010 increase.

The diesel price per gallon is up $0.477 or 17.1% higher from the same period last year.    

Oil prices are up roughly $2.00 from the prior week, with WTI and Brent closing today at $70.79 and $78.73, respectively.  

The EIA's most current diesel price projection for diesel is $3.15 a gallon for 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
  • Variance to January 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
  • 53' Domestic Intermodal and Diesel Prices Quarter-Over-Quarter Comparison

 Intermodal Spot Rate and Diesel Fuel-10

 Baseline Analysis - Intermodal Spot Rate and Diesel Fuel-10

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Comparison-10

 Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Percentage-10

Intermodal Spot Rate and Diesel Fuel Qtr-over-Qtr Comparison-10 

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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