Wednesday, April 14, 2021
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In
No Result
View All Result
FreightWaves Passport
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In
No Result
View All Result
FreightWaves Passport
No Result
View All Result
Home Intermodal

Intermodal markets: On-time performance suffers

by Tony Mulvey
Thursday, December 10, 2020
in Intermodal, News, Rail
Reading Time: 1min read
0

(Photo: Jim Allen / FreightWaves)

CSX’s Intermodal Trip Plan Performance rate fell to 87.4% from 94% in the second quarter. Trip Plan Performance refers to on-time rates against planned estimated times of arrival on a per-container (or carload) basis, and is therefore a more relevant, customer-centric service metric than dwell time or train velocity.

In J.B. Hunt’s earnings call last week, Intermodal chief Darren Field described a difficult operating environment plagued by labor shortages at rail terminals and warehouses that delayed equipment, degrading asset utilization. Coupled with higher purchased transportation costs and higher drayage costs, an intermodal provider will see operating income drop. 

Union Pacific reports Thursday morning and the management commentary on the call should provide further clarity into the situation at West Coast ports and UNP’s appetite to sustainably add back headcount and equipment to restore fluidity to its operations. The railroads want sub-60 operating ratios: their customers want capacity and service, even when volumes are high. We’re not sure those two goals can be achieved simultaneously.

After a week when the national average intermodal spot rate fell by 0.8% to $2.25/mile — a move that followed similar softness in truckload markets — we do expect upside volatility to return in November.

Members Only

You have selected content that's only available to members of FreightWaves Passport. As a member, you gain immediate access to the most in-depth and informative freight research available. It's your gateway to continuing education.

Members also get:

  • Access to exclusive community dedicated to discussing the most important challenges facing freight.
  • Monthly and Quarterly Freight Market reports keeping you informed of industry trends.
  • Much, much more!

Click below to learn more and sign up today!

Subscribe
Existing Passport subscribers may log in using the form below.

 
 
Forgot Password
Tags: CSXintermodalintermodal capacityintermodal volumesJ.B. Huntlogistics researchtransportation researchUnion Pacific
ShareShareTweetSend

Tony Mulvey

Research Associate, FreightWaves

Related Posts

Featured

Smaller fleets leading the charge in terms of industry growth

Thursday, April 8, 2021
Featured

Canadian Pacific Kansas City: Will the STB approve?

Thursday, March 25, 2021
Featured

Reefer markets: ‘Coin-flip compliance’ prevails

Thursday, March 18, 2021
Next Post

Q3 earnings: A new cycle begins

Popular Research

  • Asset operators: It’s good to be a trucker

    0 shares
    Share 0 Tweet 0
  • Trucking markets: Smooth seas and blue skies

    0 shares
    Share 0 Tweet 0
  • Canadian Pacific Kansas City: Will the STB approve?

    0 shares
    Share 0 Tweet 0

By Categories

  • 3PLs (90)
  • Carrier Outlook (6)
  • Featured (30)
  • Financials (21)
  • Freight Market Outlook (1)
  • Global Trade (4)
  • Intermodal (79)
  • Most Popular (23)
  • News (78)
  • Passport Research (35)
  • Rail (68)
  • Shippers (15)
  • Special Topic (79)
  • Technology (18)
  • Trucking (125)

FreightWaves Passport




Research built for present and future c-suite executives.





Benefits

  • Research
  • Education
  • Community
  • Events

Research by Topic

  • 3PLs
  • Carrier Outlook
  • Featured
  • Financials
  • Freight Market Outlook
  • Global Trade
  • Intermodal
  • Most Popular
  • Special Topic
  • Trucking

Resources

  • Webinars
  • Meet the Team
  • Contact Us

© Copyright 2021 | FreightWaves, Inc. | All Rights Reserved

No Result
View All Result
  • Home
  • Research
    • 3PLs
    • Carrier Outlook
    • Featured
    • Financials
    • Freight Market Outlook
    • Global Trade
    • Intermodal
    • Most Popular
    • News
    • Special Topic
    • Trucking
  • Education
  • Community
  • Events
  • Resources
    • Webinars
    • Meet the Team
    • Contact Us
  • Sign Up
  • Account
  • Log In

© Copyright 2020 | FreightWaves, Inc. | All Rights Reserved