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Intermodal Spot Rate Pricing Trendline Analysis - Aug 20, 2019 Blog Feature
Rick LaGore

By: Rick LaGore on August 21st, 2019

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Intermodal Spot Rate Pricing Trendline Analysis - Aug 20, 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.

The InTek intermodal spot rate index decreased 1.4% over the prior week.  

intermodal trucksFor the week of August 20, 2019, domestic intermodal spot rate index:

  • Down 1.4% from prior week.
  • Down 5.3% from 90 days ago.
  • Down 31.6% from prior year.

Lane Stats: 7.8% increased, 65.2% decreased and 27.0% went unchanged. 

As the above statistics indicate, this was another week of across the board decreases.

Intermodal Volume

North American intermodal volume remains weak, as compared to prior YTD, with volume down 2.7% from prior YTD.

Breaking the volume down by equipment, TOFC is down 12.5% and COFC is down 1.9%.

By region, volume is down 3.8% in the US, up 1.7% in Canada and down 3.2% in Mexico.

Comparison of Truckload to Intermodal Spot Rate 

intermodal truckThe national truckload spot rate increased 1.7% last week, as reported by the DAT Trendline Report

The spread in the year-over-year national truckload average rate per mile and intermodal spot rates remains in favor of intermodal and widened this week, with truckload spot rates down 18.9% and domestic 53' intermodal down 28.5%.

Keep in mind there is more to the year-over-year decreases in intermodal, while truckload has steadied somewhat.  The reason for this is the intermodal spot rates  over shot the market in the latter half of 2018, as compared to truckload. 

We are expecting the intermodal spot rates to continue to decrease, while also widening against truckload over the next couple of months before we seem them steady, as well.  

Diesel Fuel Comments: 

diesel fule priceThe EIA reported average diesel fuel price of $2.994 per gallon this week, which is down $0.017 from the prior week.

The diesel price per gallon is down $0.213 or 6.6% from the same period last year.

WTI and Brent crude oil pricing are up roughly $2.00 this week, with WTI and Brent trading in the range of $56.25 and $60.75, respectively.  

The EIA's August 2019 diesel price average price projection is $3.07 per gallon for calendar year.  This is a $0.03 decrease from July's forecast.

In the same report, the EIA's average price per barrel oil projections for 2019 are:

  • WTI $57.87
  • Brent $65.15

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 8.20

Intermodal Spot Rate and Diesel Fuel Baseline 8.20

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Comparison 8.20

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Percentage 8.20

Intermodal Spot Rate and Diesel Fuel Qtr-over-Qtr Comparison 8.20

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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