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May 09, 2018

North American intermodal freight volumes up 7.2% in first 3 months

According to the Intermodal Association of North America's (IANA) Intermodal Market Trends & Statistics report, total intermodal volumes climbed 7.2 percent year-over-year in the first quarter of 2018, the strongest gain since Q2 2014.

U.S. domestic containers increased 6.2 percent, international intermodal volumes 7.0 percent, and trailers led overall growth at 14.5 percent.

The seven highest-density trade corridors accounted for 62.8 percent of total volumes and were collectively up 6.2 percent. The Northeast-Midwest performed the best of the seven with volumes gaining 12.3 percent. The South Central-Southwest followed with 8.0 percent.

The trans-Canada, intra-Southeast and Midwest-Southwest lanes had growth of 6.7 percent, 6.5 percent and 5.6 percent respectively, while the Southeast-Southwest managed 2.0 percent. Only the Midwest-Northwest experienced a decline, 4.8 percent and its fourth consecutive quarterly loss.

Intermodal Marketing Companies had another strong quarter, though slower than the previous quarter, with total loads rising 10.8 percent, mostly on highway gains. Revenue grew by 27.1 percent compared to the 27.9 percent growth in Q4.

Source: IANA