It finally happened: IMCs caved and started pulling in intermodal spot rates in major lanes in response to persistently weak volumes. We think that West Coast ports will be particularly weak going forward — and trucking carriers are already pricing this in (see our Tuesday note on trucking markets).
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John Paul conducts research on multimodal freight markets and holds a Ph.D. in English literature from the University of Michigan. Prior to building a research team at FreightWaves, JP spent two years on the editorial side covering trucking markets, freight brokerage, and M&A.