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Intermodal Bounces Back in Second Half of 2020

Intermodal Bounces Back in Second Half of 2020

Feb. 3, 2021
“Against the backdrop of COVID, all market sectors posted gains, setting the pace into at least Q1 of 2021,” said Joni Casey, CEO of IANA.

Business improved for the intermodal sector in the last quarter of the year. Total intermodal volumes rose 9.6% year-over-year in the fourth quarter, according to the Intermodal Association of North America’s Intermodal (IANA) Quarterly report.

Domestic containers gained 8.7% year-over-year 2020; international shipments, 9.4%; and trailers, 17.5%, according to the report..

“Intermodal continued its comeback in the fourth quarter after declines in the first half of the year,” said Joni Casey, CEO of IANA. in a statement “Against the backdrop of COVID, all market sectors posted gains, setting the pace into at least Q1 of 2021.” 

The seven highest-density trade corridors, which collectively handled more than 60% of total volume, were up 10.3% in the fourth quarter.

Three were up double digits:

  • Trans-Canada,19.7%
  • South Central-Southwest,13.4%; 
  • Midwest-Southwest,13%.

The Intra-Southeast saw a 9.6% increase, while the Northeast-Midwest increased 9.5%. The Midwest-Northwest rose 7.5%, and the Southeast-Southwest grew 2.4%.

Total IMC volume rose 17.2% year-over-year in Q4, with intermodal and highway loads up 13.1% and 20.0 percent, respectively. 

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