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Quarterly Canada-US international railway box volume up 4.5pc
INTERNATIONAL intermodal container volumes are growing three times faster than domestic intermodal business, up 4.5 per cent year on year to 4,362,049 units in the second quarter, according to the Intermodal Association of North America (IANA).
The group said international ISO container volumes were 2,270,328 units in the second quarter this year, 6.8 per cent ahead of the second quarter in 2014.
In comparison, total domestic traffic - both domestic containers and trailers on flat cars - were 2,091,721 units, up just 2.2 per cent.
Domestic intermodal is a combination of domestic container volume, which was up 3.5 per cent to 1,690,190 units and trailer volume, which was down 3.1 per cent to 401,531 units.
"International volumes enjoyed the biggest increases since IANA began keeping records in 2000," said IANA president Joni Casey, reported American Shipper.
"While much of the strong performance in Q2 was due to the recovery from the first quarter's port congestion issues, strengthening imports also played a role in pushing international volumes higher. We are also optimistic that the domestic market will continue to show gains, as the over-the-road segment begins to tighten."
"The seven highest-density trade corridors, accounting for 65.8 per cent of total intermodal volume, rose four per cent this quarter, just below the 4.5 per cent industry average. Growth rates for each individual corridor varied widely," said IANA.
"The intra-southeast corridor, positively impacted by stronger imports through southeastern ports, led the way as intermodal volumes jumped a full 23 per cent during the quarter."
The group said international ISO container volumes were 2,270,328 units in the second quarter this year, 6.8 per cent ahead of the second quarter in 2014.
In comparison, total domestic traffic - both domestic containers and trailers on flat cars - were 2,091,721 units, up just 2.2 per cent.
Domestic intermodal is a combination of domestic container volume, which was up 3.5 per cent to 1,690,190 units and trailer volume, which was down 3.1 per cent to 401,531 units.
"International volumes enjoyed the biggest increases since IANA began keeping records in 2000," said IANA president Joni Casey, reported American Shipper.
"While much of the strong performance in Q2 was due to the recovery from the first quarter's port congestion issues, strengthening imports also played a role in pushing international volumes higher. We are also optimistic that the domestic market will continue to show gains, as the over-the-road segment begins to tighten."
"The seven highest-density trade corridors, accounting for 65.8 per cent of total intermodal volume, rose four per cent this quarter, just below the 4.5 per cent industry average. Growth rates for each individual corridor varied widely," said IANA.
"The intra-southeast corridor, positively impacted by stronger imports through southeastern ports, led the way as intermodal volumes jumped a full 23 per cent during the quarter."
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