Weekly discussion and analysis on the trends in the intermodal spot rate market.
For the week of September 19, 2022, domestic intermodal spot rate index:
- Decreased 1.8% from the prior week.
- Decreased 24.9% from prior year.
2022 Year-to-Date Intermodal Volume by Region and Equipment
North American Intermodal
- -4.3%
Intermodal Volume by Region
- United States: -5.1%
- Canada: -1.8%
- Mexico: -1.6%
Intermodal Volume by Equipment Type
- Container: -3.1%
- Trailer: -21.7%
Comparison of Truckload to Intermodal Spot Rate
National Truckload Spot Rate, as reported by the DAT Trendline Report:
- Down 0.1% from prior week.
- Down 8.1% from prior year.
Domestic 53' Intermodal Spot Rate:
- Down 1.8% from the prior week.
- Down 24.9% from the prior year.
For a full review of the US Intermodal Savings Against Truckload we point you to a tremendous piece of research the Journal of Commerce publishes quarterly.
Diesel Fuel Comments:
The EIA (U.S. Energy Information Administration) reported average diesel fuel price of $4.964 per gallon this week, which is down $0.069 or 1.4% from the prior week.
The diesel price per gallon is up $1.579 or 46.6% from the same period last year.
The EIA's September 2022 diesel price average price projection is $4.99 per gallon for calendar year.
EIA's most recent 2022 projection for oil & diesel prices:
- WTI - $98.07
- Brent - $104.21
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
For more on 53' domestic intermodal, truckload , cross-border and managed transportation services, please sign-up for our weekly blogs and visit the InTek Freight and Logistics website.
