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North America 6.3pc intermodal quarterly growth best in three years
NORTH American intermodal volume grew 6.3 per cent year on year in the third quarter, the greatest gain in three years, according to the Intermodal Association of North America (IANA).
International intermodal volume increased by 8.2 per cent while the US domestic container market grew 3.8 per cent, according to IANA's Intermodal Market Trends and Statistics. Trailer loads saw the biggest increase, up 8.4 per cent.
"This quarter's results show a continued recovery for all three intermodal segments, marking three consecutive quarters of growth, a first in six years," said IANA president and CEO Joni Casey.
The seven highest-density trade corridors accounted for 62.9 per cent of total volume and together were up 5.2 per cent for the third quarter, reported American Shipper.
The east-west Canada corridor had the biggest increase at 12 per cent, while three other lanes exceeded five per cent growth after incurring losses in the third quarter of 2016.
The South Central-Southwest rose 9.2 per cent, Southeast-Southwest was up 7.7 per cent, and the Northeast-Midwest increased 5.9 per cent. The Intra-Southeast corridor fell 0.2 per cent and the Midwest-Northwest corridor dropped 6.1 per cent - the only two corridors to register a loss.
Traffic for Intermodal Marketing Companies (IMCs) grew 4.1 per cent, compared to a 0.6 per cent increase in the second quarter and, for the first time in 2017, IMCs recorded gains in both highway and intermodal loadings, the report said. Total IMC revenue rose 11.2 per cent compared to last year, nearly twice the 6.6 per cent gain in the second quarter.
International intermodal volume increased by 8.2 per cent while the US domestic container market grew 3.8 per cent, according to IANA's Intermodal Market Trends and Statistics. Trailer loads saw the biggest increase, up 8.4 per cent.
"This quarter's results show a continued recovery for all three intermodal segments, marking three consecutive quarters of growth, a first in six years," said IANA president and CEO Joni Casey.
The seven highest-density trade corridors accounted for 62.9 per cent of total volume and together were up 5.2 per cent for the third quarter, reported American Shipper.
The east-west Canada corridor had the biggest increase at 12 per cent, while three other lanes exceeded five per cent growth after incurring losses in the third quarter of 2016.
The South Central-Southwest rose 9.2 per cent, Southeast-Southwest was up 7.7 per cent, and the Northeast-Midwest increased 5.9 per cent. The Intra-Southeast corridor fell 0.2 per cent and the Midwest-Northwest corridor dropped 6.1 per cent - the only two corridors to register a loss.
Traffic for Intermodal Marketing Companies (IMCs) grew 4.1 per cent, compared to a 0.6 per cent increase in the second quarter and, for the first time in 2017, IMCs recorded gains in both highway and intermodal loadings, the report said. Total IMC revenue rose 11.2 per cent compared to last year, nearly twice the 6.6 per cent gain in the second quarter.
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