Weekly discussion and analysis: Trends in the intermodal spot rate market
For the week of October 22, 2024, domestic intermodal spot rate index:
- Up 0.4% from prior week.
- Down 11.1% from prior year.
Year-to-Date Intermodal Volume by Region and Railroad vs. 2023
North American Intermodal: 7.7%
United States: 9.0%
Railroad
- BNSF: 16.4%
- CN: 3.9%
- CPKC: -8.1%
- CSX: 3.7%
- GMXT: 28.1%
- NS: 7.1%
- UP: 7.5%
Comparison of Truckload to Intermodal Spot Rate
National Truckload Spot Rate (as reported by the DAT Trendline Report):
- Down 1.5% from prior week.
- Flat from prior year.
Domestic 53' Intermodal Spot Rate:
- Up 0.4% from prior week.
- Down 11.1% 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 $3.53 per gallon this week, which is up $0.078 or 2.1% from the prior week.
The diesel price per gallon is down $0.992 or 21.8% 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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