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Intermodal Spot Rate Pricing Trendline Analysis Blog Feature
Rick LaGore

By: Rick LaGore on October 13th, 2020

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Intermodal Spot Rate Pricing Trendline Analysis

Truckload | Intermodal Transportation

Weekly discussion and analysis on the trends in the intermodal spot rate market.

intermodal transportationThe InTek intermodal spot rate index increased 3.4% from the prior week.  

For the week of October 13, 2020, domestic intermodal spot rate index:

  • Up 3.4% from prior week.
  • Up 53.6% from 90 days ago.
  • Up 67.6% from prior year.

Lane Stats: 26.7% increased, 27.6% decreased and 45.7% went unchanged. 

Intermodal Volume

YTD 2020 volume continues to shrink its YTD deficit with it being down only 5.7% from prior YTD. 

Breaking the volume down by equipment, TOFC is down 9.0% and COFC is down 5.4%. 

It is interesting to see the TOFC volume deficit improving, as it is typically the last segment of 53' capacity to be affected in any freight recovery. 

By region, volume is down 5.5% in the US, down 5.0% in Canada and down 10.8% in Mexico.

Mexico continues to fall back in its year-over-year perfromance, while the US and Canada continue to improve.

Comparison of Truckload to Intermodal Spot Rate 

The national truckload spot rate increased 1.2% last week, as reported by the DAT Trendline Report.   

Domestic 53' intermodal spot rates increased 0.9% (on a weighted average mileage basis) from the prior week.  

Diesel Fuel Comments: 

diesel fule priceThe EIA reported average diesel fuel price of $2.395 per gallon this week, which is up $0.008 per gallon from the prior week.

The diesel price per gallon is down $0.656 or 21.5% from the same period last year.

Both WTI and Brent oil price per barrel is up roughly $0.85 versus last week with WTI and Brent trading in the range of $41.10 and $43.40, respectively.    

The EIA's October 2020 diesel price average price projection is $2.55 per gallon for calendar year.

EIA's most recent projection for oil:

  • WTI - $38.76
  • Brent - $41.19

The full spreadsheet of the historical weekly price moves of diesel full can be found at https://www.eia.gov/petroleum/gasdiesel/

complete guide to intermodal transportation service

Intermodal Spot Rate Trend Graphs

  • 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 vs Diesel Prices-Oct-14-2020-07-35-32-71-PM

Intemodal Spot Rate Index Baseline-Oct-14-2020-07-35-32-38-PM

Yr-Over-Yr Comparison Intermodal Spot Rate vs Diesel Prices-Oct-14-2020-07-35-32-99-PM

Yr-Over-Yr Percentage Comparison Intermodal Spot Rate vs Diesel Prices-Oct-14-2020-07-35-32-08-PM

Qtr-Over-Qtr Comparison Intermodal Spot Rate vs Diesel Prices-Oct-14-2020-07-35-33-15-PM

For more on 53' domestic intermodaltruckload , cross-border and managed transportation services, please 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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