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Intermodal Challenged in  Q2

Intermodal Challenged in Q2

Aug. 1, 2023
However, the numbers suggest a later peak this year and an improved picture for the second half of 2023, says IANA.

Numbers are falling for intermodal transporation. Total intermodal volumes fell 10.4% year-over-year in the second quarter of 2023, according to the Intermodal Association of North America.

All segments showed declines: domestic containers, 6.3%; international containers, 13.2%; and trailers, 20.1%.   

“Slower year-over-year demand for goods and a competitive freight environment have taken its toll for a second quarter,” said Joni Casey, CEO of IANA, ijn a statement. “On the other hand, the numbers suggest a later peak this year and an improved picture for the second half of 2023.”

The seven highest-density trade corridors, which collectively handled more than 60 percent of total volume, were all down in the second quarter. 

Broken out by region is as follows:

  • Southeast-Southwest dropped 18.3%
  • South Central-Southwest at 13.8%
  • Midwest-Southwest declined 12.9%
  • Trans-Canada, 10.5%
  • Midwest-Northwest, 9.1%
  • Northeast-Midwest came in 7.6%
  • Intra-Southeast corridor posted losses of 7.1%

Total IMC volume fell 31.9% ear-over-year in Q2, with intermodal traffic down 16.5% and highway loads down 39.7%.

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