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Intermodal Volume  Down 3.5% in Q4

Intermodal Volume Down 3.5% in Q4

Feb. 3, 2023
“The industry continues to address equipment availability, facility capacity and service with the goal of turning things around in 2023," says IANA.

Following all three quarters in 2002, total intermodal volume fell 3.6% year-over-year in the fourth quarter, according to the Intermodal Association of North America’s Intermodal Quarterly report.

Domestic containers and trailers dropped 4.2% and 29.7% respectively, while international containers managed 0.9% growth. 

Total volume for all of 2022 showed a 3.9% decline.

“The past year presented challenges for intermodal. All four quarters posted negative output,” said Joni Casey, CEO of IANA, in a statement. “The industry continues to address equipment availability, facility capacity and service with the goal of turning things around in 2023.”

All but one of the seven highest-density trade corridors, which collectively handled more than 60 % of total volume, were down in the fourth quarter. The Trans-Canada corridor, with a 7% gain, was the exception.

The Southeast-Southwest, dropped by 14.2%, the largest decline, followed by the South Central-Southwest which lost 6.7%. The Northeast-Midwest, Intra-Southeast and Midwest-Southwest were off by 4.9%,3.3 % and 3.1% respectively. The Midwest-Northwest held losses to 2.6%.

Total IMC volume contracted 26.6% year-over-year in Q4, with intermodal down 17.8%

Highway loads fell 31%.

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