Intermodal Spot Rate Pricing Trendline Analysis - Jan 15 2019 Blog Feature
Rick LaGore

By: Rick LaGore on January 15th, 2019

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Intermodal Spot Rate Pricing Trendline Analysis - Jan 15 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 4.1% over prior week. 

intermodal transportationFor the week of Jan 15, 2019, domestic intermodal spot rate index:

  • Down 4.1% from prior week.
  • Down 20.5% from 90 days ago.
  • Up 5.1% from prior year.

 Lane Stats: 10.5% increased, 71.1% decreased and 18.4% went unchanged.   

This week continues the slide in the intermodal spot rates with the decrease over the last two weeks totaling a 15.2% decline. 

Assuming current market dynamics remain similar, we anticipate another 8% decrease in intermodal spot rates over the coming weeks. 

Comparison of Truckload to Intermodal Spot Rate 

The national truckload spot rate, as reported by DAT, decreased $0.06 a mile or 2.8% from the prior week.  DAT reported the national truckload spot rate was $2.05 a mile.   Truckload spot rates are down 2.4% from prior year.   

The percentage spread between the year-over-year truckload and intermodal cost per mile decreased again this week coming in at a 4.9-point spread. 

Diesel Fuel Comments: 

The EIA reported average diesel fuel price of $2.0976 per gallon this week, which is a $0.037 decrease over prior week.  This is the thirteenth consecutive week of a decrease and the first time since January 8, 2018 where the price is below $3.00 a gallon.

The diesel price per gallon is down $0.052 or 1.7% lower from the same period last year making it the first week since November 11, 2016 where the year-over-year price comparison was lower than the prior year.

Oil prices per barrel is on the rise this week, with WTI and Brent trading in the range of $52.00 and $60.45 today, respectively.   The increase is roughly $2.00 from prior week.

Even with the increase this week the story of what is driving lower price from the prior year are : fear of slowing world economies, building oil inventory, trade & tariff concerns and stronger dollar. 

The EIA's most current diesel price projection for diesel is a $2.95 per gallon price for 2019.  

The EIA is projecting the price per barrel projections for 2019 for WTI and Brent are $54.19 and $61.00, respectively.

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

  • 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 1.15-1

Intermodal Spot Rate and Diesel Fuel Baseline 1.15-1

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Comparison 1.15-1

Intermodal Spot Rate and Diesel Fuel Yr-over-Yr Percentage 1.15-1

 Intermodal Spot Rate and Diesel Fuel Qtr-over-Qtr Comparison 1.15-2

For more on 53' domestic intermodaltruckload and managed transportation services, 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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