Intermodal markets: coronavirus bullwhip
Asian exports are ramping as North American demand plummets, and containers are caught in the middle.
Asian exports are ramping as North American demand plummets, and containers are caught in the middle.
Trucking carriers and 3PLs reported that volumes softened this week.
Intermodal volumes fell sharply on an unfavorable mix-shift to short-haul grocery and CPG.
A surge in shorthaul reefer truckloads doesn't help the rails much.
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.