The InTek intermodal spot rate index decreased 0.4% over prior week.
For the week of April 2, 2019, domestic intermodal spot rate index:
Lane Stats: 36.5% increased, 20.9% decreased and 42.6% went unchanged.
There is no one market trend to report this week.
Intermodal volumes continue to show weakness.
Volumes are down 0.7% on a calendar YTD year-over-year basis with trailers (TOFC) down 4.6% and containers (COFC) down 0.4%. In terms of domestic regions, USA is down 0.6%, Canada up 0.1% and Mexico is down 6.7%.
The national truckload spot rate held relatively flat to last week, as reported by the DAT Trendline Report.
Year-over-year truckload national average truckload spot rates per mile are down 13.4%, while domestic intermodal is down a little over 12.8% per mile.
(Keep in mind when using this metric to apply it as directional data tool, not an absolute.)
Diesel Fuel Comments:
The EIA reported average diesel fuel price of $3.078 per gallon this week, which is down $0.002 or 0.1% from the prior week.
The diesel price per gallon is up $0.036 or 1.2% higher from the same period last year.
WTI and Brent crude price per barrel is up from the prior week, with WTI and Brent closing at $62.48 and $69.47, respectively.
Oil prices are rising a bit faster than many analysts predicted because of robust demand and OPEC holding firm on production cuts.
The EIA's March 2019 diesel price average price projection for diesel is $3.01 per gallon for calendar year.
In the same report, EIA's average price per barrel oil projections for 2019 are:
The full spreadsheet of the historical weekly price moves of diesel full can be found at https://www.eia.gov/petroleum/gasdiesel/.