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Intermodal volumes are weak and IMCs are having no trouble covering contracted freight. Therefore intermodal spot freight is dry and rates are fairly stagnant, unresponsive to movements in 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.