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Intermodal Makes Gains in Q1

Intermodal Makes Gains in Q1

May 14, 2024
“International volume growth was the driver for continuing intermodal industry gains in the first quarter,” said Joni Casey, CEO of IANA.

Total intermodal volumes rose 8.8% year-over-year in the first quarter of 2024, according to the Intermodal Association of North America.

International containers added 18%, domestic containers improved 3.4%, while trailers fell 24.8% in the quarter. 

“International volume growth was the driver for continuing intermodal industry gains in the first quarter,” said Joni Casey, CEO of IANA, in a statement. “Consumer spending provided a basis for definitive import increases.” 

All but one of the seven highest-density trade corridors, which collectively handled more than 60% of total volume, were up.

Regional information is as follows:

  • The South Central-Southwest up 25.9%
  • Southeast-Southwest up 19.1%.
  • Midwest-Southwest up 15.4%
  • Northeast-Midwest up 10.8%
  • Intra-Southeast up 10.2%
  • The Trans-Canada up 2.7%, while the
  •  Midwest-Northwest was down 3.1%.

Total IMC volume fell 0.4% year-over-year in Q1, with intermodal traffic down 3.6% and highway loads in positive territory by 1.6%.

 

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