Mhlnews 4113 Intermodal 1
Mhlnews 4113 Intermodal 1
Mhlnews 4113 Intermodal 1
Mhlnews 4113 Intermodal 1
Mhlnews 4113 Intermodal 1

Domestic, International Intermodal Volumes Nearly Even in Q3

Nov. 5, 2015
“The international market segment normalized this quarter after dealing with the lingering effects of Q1 port congestion that were still felt during the second quarter,” said Joni Casey, president and CEO of IANA.

 Intermodal growth of 3.4% for Q3 was in line with year-to-date results, according to the Intermodal Association of North America’s third quarter Intermodal Market Trends and Statistics report.

The international market segment showed some volatility as its volumes climbed 3.3% in July and 6.4% in August, then slowed to 1.6% growth in September. Nevertheless, the segment closed the quarter with a 4% increase, almost even with the 4.1% growth in domestic containers.

“The international market segment normalized this quarter after dealing with the lingering effects of Q1 port congestion that were still felt during the second quarter,” said Joni Casey, president and CEO of IANA. “Overall we are seeing international container trends approaching pre-recession levels and domestic volume gains returning to numbers that are comparable to international.”

The domestic trailer market segment shrunk 3.1% in a quarter-over-quarter comparison, making Q3 the fifth consecutive quarter of dipping trailer volumes.  This deflated the quarterly gains realized in total intermodal loads.  However, September domestic container growth of 6% helped boost overall domestic numbers.

The seven highest-density trade corridors, accounting for 66% of total intermodal volume, rose 3.7% this quarter, exceeding the industry average. Growth rates for each individual corridor varied widely. The intra-Southeast corridor, positively affected by stronger imports and rising market share over trucking, experienced gains of over 20%. Meanwhile, the South Central-Southwest corridor volumes decreased by 5.9%, with international particularly affected.

Regional traffic growth was overall positive in Q3, despite significant losses in the South Central region and slight declines in Western Canada. The South Central area’s 9.2% decline is largely the result of a fall in international shipments. The Northwest and Southeast regions countered with substantial volume increases in Q3, rising 9.9% and 9.1%, respectively.

Intermodal Marketing Companies demonstrated clear growth in market share during a period of depressed freight output. Highway loadings shot up 10%, while intermodal loadings rose by just under 2%, combining to produce an overall volume increase of 5.2%. However, revenue decreases in both highway and intermodal loadings, resulting in a 3% decline, yielded mixed results for IMCs this quarter.

Latest from Transportation & Distribution

96378710 © Nattapong Boonchuenchom | Dreamstime.com
#53673151@Petar Dojkic|Dreamstime
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors