Intermodal Spot Rate Pricing Trendline Analysis
Weekly discussion and analysis on the trends in the intermodal spot rate market.
The InTek intermodal spot rate index decreased 16.8% from the prior week.
For the week of January 19, 2021, domestic intermodal spot rate index:
- Down 16.8% from prior week.
- Down 26.9% from 90 days ago.
- Up 26.8% from prior year.
Lane Stats: 13.8% increased, 41.4% decreased and 44.8% went unchanged.
This week's double digit decrease combined with last week's decrease has the intermodal spot rate index down 32.5%.
The dramatic decrease over the past two weeks was primarily driven from the SoCal and NorCal outbound lanes into primary intermodal markets.
2021 YTD Intermodal Volumes:
Total North America: 10.6%
- USA: 11.6%
- Canada: 13.4%
- Mexico: -15.0%
By Equipment Type:
- Container: 23.5%
- Trailer: 9.7%
Comparison of Truckload to Intermodal Spot Rate
The national truckload spot rate decreased 2.3% last week, as reported by the DAT Trendline Report.
Domestic 53' intermodal spot rates decreased 7.6% (on a weighted average mileage basis) from the prior week. The two week decrease is 11.2%
Diesel Fuel Comments:
The EIA (U.S. Energy Information Administration) reported average diesel fuel price of $2.696 per gallon this week, which is up $0.026 per gallon from the prior week.
The diesel price per gallon is down $0.341 or 11.2% from the same period last year.
The EIA's January 2021 diesel price average price projection is $2.71 per gallon for calendar year.
EIA's most recent 2021 projection for oil & diesel prices:
- WTI - $49.70
- Brent - $52.70
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
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