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Intermodal Spot Rate Pricing Trendline Analysis - Sept 4, 2019 Blog Feature
Rick LaGore

By: Rick LaGore on September 6th, 2019

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Intermodal Spot Rate Pricing Trendline Analysis - Sept 4, 2019

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

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

The InTek intermodal spot rate index increased 2.7% over the prior week.  

For the week of September 4, 2019, domestic intermodal spot rate index:

  • Up 2.7% from prior week.
  • Down 3.8% from 90 days ago.
  • Down 27.7% from prior year.

Lane Stats: 25.2% increased, 4.3% decreased and 70.5% went unchanged. 

Same story this week as last.  If it were not for intermodal spot rate increases coming from outbound LA lanes, the index would have been down again this week.

Intermodal Volume

North American intermodal volume remains weak, as compared to prior YTD, with volume down 2.8% from prior YTD.

Breaking the volume down by equipment, TOFC is down 12.7% and COFC is down 2.0%.

By region, volume is down 3.9% in the US, up 1.7% in Canada and down 3.5% in Mexico.

Comparison of Truckload to Intermodal Spot Rate 

intermodal truckThe national truckload spot rate increased 2.9% 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 remain in favor of intermodal, with truckload spot rates down 15.0% and domestic 53' intermodal down 25.5%.

Diesel Fuel Comments: 

diesel fule priceThe EIA reported average diesel fuel price of $2.976 per gallon this week, which is down $0.007 from the prior week.

This is the eighth consecutive week the market has seen diesel rates drop.

The diesel price per gallon is down $0.276 or 8.5% from the same period last year.

WTI and Brent crude oil pricing are up little over $2.50 this week, with WTI and Brent closing at $56.52 and $61.54, 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 vs Diesel Prices

Intemodal Spot Rate Index Baseline

Yr-Over-Yr Comparison Intermodal Spot Rate vs Diesel Prices-2

Yr-Over-Yr Percentage Comparison Intermodal Spot Rate vs Diesel Prices

Qtr-Over-Qtr Comparison Intermodal Spot Rate vs Diesel Prices

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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