Intermodal Spot Rate Pricing Trendline Analysis
Weekly discussion and analysis on the trends in the intermodal spot rate market.
For the week of May 16, 2022, domestic intermodal spot rate index:
- Up 0.1% from the prior week.
- Up 14.7% from prior year.
2022 Year-to-Date Intermodal Volume by Region and Equipment
North American Intermodal
Intermodal Volume by Region
- United States: -6.9%
- Canada: -6.1%
- Mexico: -2.9%
Intermodal Volume by Equipment Type
- Container: -5.8%
- Trailer: -17.4%
Comparison of Truckload to Intermodal Spot Rate
The national truckload spot rate decreased 0.4% last week, as reported by the DAT Trendline Report.
Domestic 53' intermodal spot rates increased 0.1% (on a weighted average mileage basis) from the prior week.
Using the same indexes on a year-over-year basis, truckload is up 7.9% and domestic intermodal is up 14.7%.
Diesel Fuel Comments:
The EIA (U.S. Energy Information Administration) reported average diesel fuel price of $5.613 per gallon this week, which is down $0.010 or 0.2% from the prior week.
The diesel price per gallon is up $2.364 or 72.8% from the same period last year.
The EIA's May 2022 diesel price average price projection is $4.72 per gallon for calendar year.
EIA's most recent 2022 projection for oil & diesel prices:
- WTI - $98.20
- Brent - $103.35
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