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Intermodal Spot Rate Pricing Trendline Analysis

March 11, 2024 Rick LaGore

intermodal transportation rates

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

Intermodal Spot Rate Per Mile (including Fuel)

For the week of April 15, 2024, domestic intermodal spot rate index:

  • Down 2.7% from prior week.
  • Down 11.9% from prior year.

Intermodal Spot Rate Per Mile (including Fuel)

Year-to-Date Intermodal Volume by Region and Railroad

(Please note to not read too much into the data yet, as the holiday schedule in 2023 versus 2022 is impacting the percentages.)

North American Intermodal : 8.6%

United States: 9.1%

Railroad

  • BNSF:  18.3%
  • CN:       3.9%
  • CPKC: -2.8%
  • CSX:     6.4%
  • GMXT:  31.4%
  • NS:        6.7%
  • UP:        1.1%

Comparison of Truckload to Intermodal Spot Rate 

National Truckload Spot Rate, as reported by the DAT Trendline Report:

  • Flat from prior week.
  • Down 7.5% from prior year.

Domestic 53' Intermodal Spot Rate:

  • Down 2.7% from prior week. 
  • Down 11.9% from the prior year.

For a full review of the 2023 US Intermodal Savings Against Truckload we point you to a tremendous piece of research the Journal of Commerce publishes quarterly.

Diesel Fuel Comments: 

diesel fule priceThe EIA (U.S. Energy Information Administration) reported average diesel fuel price of $4.015 per gallon this week, which is down $0.046 or 1.1% from the prior week.

The diesel price per gallon is down $0.101 or 2.5% from the same period last year.

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

Average Year-over-Year % Change to Intermodal Spot Rate 

Average Intermodal Spot Rate per Mile-Mar-27-2024-06-33-54-9047-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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