Intermodal Spot Rate Pricing Trendline Analysis - April 2 2019 Blog Feature
Rick LaGore

By: Rick LaGore on April 3rd, 2019

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Intermodal Spot Rate Pricing Trendline Analysis - April 2 2019

Intermodal | truckload | diesel fuel price | intermodal spot rates | intermodal spot rate index trendlines

Weekly discussion and analysis on the trends in the intermodal spot rate market.

intermodal transportationThe InTek intermodal spot rate index decreased 0.4% over prior week. 

For the week of April 2, 2019, domestic intermodal spot rate index:

  • Down 0.4% from prior week.
  • Down 25.1% from 90 days ago.
  • Down 13.3% from prior year.

intermodal drayLane Stats: 36.5% increased, 20.9% decreased and 42.6% went unchanged.   

There is no one market trend to report this week.

Intermodal Volume

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%.

Comparison of Truckload to Intermodal Spot Rate 

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: 

diesel fuel priceThe 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:

  • WTI $56.13
  • Brent $62.78

The full spreadsheet of the historical weekly price moves of diesel full can be found at https://www.eia.gov/petroleum/gasdiesel/

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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

  Intermodal Spot Rate and Diesel Fuel 4.2

Intermodal Spot Rate and Diesel Fuel Baseline 4.2

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Comparison 4.2

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Percentage 4.2

Intermodal Spot Rate and Diesel Fuel Qtr-over-Qtr Comparison 4.2

For more on 53' domestic intermodaltruckload , cross-border and managed transportation services, please sign-up for our weekly blogs and visit the InTek Freight and Logistics website.

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About Rick LaGore

Rick is the co-founder and CEO of InTek Freight & Logistics, a company focused on being the place where companies come when faced with a logistics problem.

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