Intermodal Spot Rate Pricing Trendline Analysis - March 26 2019 Blog Feature
Rick LaGore

By: Rick LaGore on March 26th, 2019

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Intermodal Spot Rate Pricing Trendline Analysis - March 26 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 spot ratesThe InTek intermodal spot rate index decreased 2.1% over prior week. 

For the week of March 26, 2019, domestic intermodal spot rate index:

  • Down 2.1% from prior week.
  • Down 20.7% from 90 days ago.
  • Down 13.8% from prior year.

Lane Stats: 5.2% increased, 22.6% decreased and 72.2% went unchanged.   

Outbound Chicago outbound continued their decreases this week, with the average decline of 4.5%, while outbound SoCal and NorCal also took on some decreases from the prior week.   Other than these three markets, the landscape was essentially flat from the prior week.

Intermodal Volume

Intermodal volumes continue to show weakness. 

Volumes are down 0.9% on a calendar YTD year-over-year basis with trailers (TOFC) down 4.0% and containers (COFC) down 0.7%.  In terms of domestic regions, USA is down 0.6%, Canada down 0.3% and Mexico is down 8.5%.

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 11.3%, while domestic intermodal is down a little over 12% 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 $3.080 per gallon this week, which is up $0.010 or 0.3% from the prior week.

The diesel price per gallon is up $0.070 or 2.3% higher from the same period last year.

WTI and Brent crude price per barrel is relatively flat this week versus last, with WTI and Brent closing at $60.05 and $68.09, respectively.   

Oil prices continue to be a big question for many logistics professionals in 2019, with OPEC holding strong to each other on production cuts and world economic slowdown concerns.

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 3.26

Intermodal spot rate and diesel fuel baseline 3.26

Intermodal spot rate and diesel fuel yr-over-yr comparison 3.26

Intermodal spot rate and diesel fuel yr-over-yr percentage 3.26

Intermodal spot rate and diesel fuel qtr-over-qtr comparison 3.26

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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