Intermodal Spot Rate Pricing Trendline Analysis

Weekly discussion and analysis: Trends in the intermodal spot rate market

For the week of November 26, 2024, domestic intermodal spot rate index:

• Up 0.6% from prior week.
• Down 8.1% from prior year.

Year-to-Date Intermodal Volume by Region and Railroad vs. 2023

North American Intermodal: 7.8%

United States: 9.5%

Railroad

• BNSF: 16.7%
• CN: 2.3%
• CPKC: -9.0%
• CSX: 4.4%
• GMXT: 28.4%
• NS: 7.5%
• UP: 8.5%

Comparison of Truckload to Intermodal Spot Rate

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

• Up 2.5% from prior week.
• Up 0.5% from prior year.

Domestic 53' Intermodal Spot Rate:

• Up 0.6% from prior week.
• Down 8.1% from prior year.

For a full review of the 2024 US Intermodal Savings Against Truckload we point you to a tremendous piece of research the Journal of Commerce publishes quarterly.

Diesel Fuel Update

The U.S. Energy Information Administration (EIA) reported an average diesel fuel price of $3.539 per gallon this week, which is down $0.048 or 1.4% from the prior week.

The diesel price per gallon is down $0.607 or 14.6% 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. 

Intermodal Spot Rate Trend Graphs

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