Intermodal

Intermodal train velocities fell across the Class Is, but import shipments to the Port of Oakland ticked up.

Bearish comments on long-term intermodal market penetration from Knight-Swift management give us pause.

We game out best, base, and worst cases for the U.S. macroeconomy, financial markets, and freight markets.

Intermodal spot rates are starting to fall in response to persistently weak volumes.

Intermodal spot rates are starting to fall in response to persistently weak volumes.

Intermodal volumes are weak and IMCs are having no trouble covering contracted freight.

Railroads performed the best, while LTL earnings cratered.

Volumes deteriorated and capacity stayed loose.

Volumes and rates were up on favorable year-over-year comparisons.

Intermodal markets stay relatively stable, though volumes improve somewhat compared to the four week average.