Intermodal Spot Rate Pricing Trendline Analysis - Feb 5 2019 Blog Feature
Rick LaGore

By: Rick LaGore on February 6th, 2019

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Intermodal Spot Rate Pricing Trendline Analysis - Feb 5 2019

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

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

intermodal transportationThe InTek intermodal spot rate index increased 0.6% over prior week. 

For the week of Feb 5, 2019, domestic intermodal spot rate index:

  • Up 0.6% from prior week.
  • Down 23.1% from 90 days ago.
  • Up 3.4% from prior year.

Lane Stats: 11.4% increased, 39.5% decreased and 49.1% went unchanged.   

Intermodal spot rates are down 19.0% since the end of 2018. 

Assuming current market dynamics remain similar, we anticipate another 3.5% to 4.5% decrease in intermodal spot rates over the coming weeks before settling into the "normal" trends of the 1st quarter.

Intermodal YTD Volume Comparison

  • Total intermodal volumes are flat to last year.
  • Mexico intermodal freight has dropped 14.0% from prior year because of less cross-border traffic.
  • Trailer on flatcar (TOFC) is down 3.4%, while container on flatcar (COFC) is up 0.3%

Comparison of Truckload to Intermodal Spot Rate 

The national truckload spot rate, as reported by DAT, decreased $0.04 a mile or 2.0% from the prior week.  DAT reported the national truckload spot rate was $1.93 a mile.   Truckload spot rates are down 13.0% from prior year.   

The percentage spread between the year-over-year truckload and intermodal cost per mile flipped and widened this week to 14.6 points, meaning truckload per mile spot rates are down 13.0% from the prior year while intermodal rate per mile is up 1.6%

Diesel Fuel Comments: 

The EIA reported average diesel fuel price of $2.966 per gallon this week, which is the 1st increase in 15 weeks.

The diesel price per gallon is down $0.12 or 3.9% lower from the same period last year.

Oil prices per barrel is up roughly $0.60 from the prior week, with WTI and Brent closing at $54.01 and $62.62, respectively.   

Oil prices remain a big question mark for many logistics professionals in 2019.  Political pressure, slowing economy, building oil inventory, trade & tariff concerns and stronger dollar is why this is a battle ground topic. 

The EIA's most current diesel price projection for diesel is a $2.94 per gallon price for 2019.  

The EIA is projecting the price per barrel projections for 2019 for WTI and Brent are $54.19 and $60.52, respectively.

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 2.6.19

Intermodal Spot Rate and Diesel Fuel Baseline 2.6.19

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Comparison 2.6.19

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Percentage 2.6.19

Intermodal Spot Rate and Diesel Fuel Qtr-over-Qtr Comparison 2.6.19

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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