Comments on last fall’s intermodal peak season ranged from “there really is no peak” to “muted” to “an intense, but very short peak season.” Accordingly, Hub Group expects intermodal pricing to be down for 2020 as a whole given its outlook for year-over-year declines in pricing on intermodal contracts negotiated during the first half of the year. While Hub Group expects that lost volume to return to intermodal, the shift clearly underscores the competitive nature of domestic intermodal and the difficulty in growing intermodal volume in the current transportation marketplace. Intermodal is not seeing the same rebound in demand as trucking since the economic shutdown owing to the COVID-19 pandemic, and research firm FTR Associates does not believe containerized rail volume will fully recover to 2019 levels until sometime in 2021. The Intermodal Motor Carriers Conference (IMCC) is an affiliated conference of the ATA and is open to all ATA member companies engaged in the intermodal transportation of property or companies engaged in businesses and services supporting intermodal transportation, and state associations affiliated with ATA. Intermodal executives want to address the chronic congestion issues in 2020 with railroads and BCOs, but universally accepted solutions are hard to come by. Larry is an acknowledged expert on intermodal matters who makes frequent appearances before the transportation community. Real-Time Tracking â Plan, match and dispatch intermodal and chassis loads more efficiently with advanced satellite trucking interfaces that improve location, detention and delivery times. Both intermodal and truckload spot rates have weakened since their respective fall peak seasons. The major domestic intermodal providers, such as J.B. Hunt, Hub Group and Schneider, are in a difficult spot. Prior to joining FreightWaves, Baudendistel served as a senior sell-side equity research analyst covering the publicly traded railroads, suppliers that manufacture and lease railroad equipment, and suppliers that manufacture trucks, trailers, engines and other components. by Today's Trucking December 15, 2020 TORONTO, Ont. Trailers climbed 9.8% to 325,802 units during the quarter. Intermodal infrastructures are improving, along with other advances in technology for managing complex supply chains that operate across various modes of transportation. Canadian Pacific (CP) is building business at the Port of Saint John in New Brunswick with an extension of its service agreement with global liner shipping company Hapag-Lloyld AG, which will begin regular intermodal service via CP from the Atlantic Canada port ⦠Union Pacific Railroad blames volatile swings in volume for congestion in Los Angeles in June, but intermodal marketing companies say it remains difficult to find space on trains because of a surge in e-commerce business. A refrigerated rail service sold by Union Pacific Railroad to shippers has shut down amid the COVID-19 downturn in volumes and competition from rival BNSF Railway and other large IMCs. The surge in domestic intermodal has spread from Los Angeles to Oakland-Lathrop and Union Pacific will raise surcharges on shippers to ensure equipment is available for core customers. By leveraging an advanced, innovative technology suite that delivers granular insights and 24/7 shipment visibility, our intermodal transportation team ensures your cargo reaches its final destination in a safe and timely manner. The Intermodalist Widely regarded as the best intermodal analyst in the business, Larry Gross is a 40 year veteran of the intermodal industry. © Copyright 2020, All Rights Reserved, FreightWaves, Inc, Podcasts: FreightWaves FreightCasts Network, The Forum at FreightWaves LIVE (Fall 2019), I questioned whether intermodal still deserves to be considered a growth area, Class I rail headcount plunges to new low in November, FreightWaves Classics: TTX’s history illustrates changes in railroading over the past 65 years, Rail Roundup: Groups laud nominee Buttigieg; US rail traffic up, FreightWaves Classics: TTX owns 10+% of all North American railcars, US carloads bounce back while import gains fuel intermodal, Exports boost US and Canadian grain volumes. Intermodal trucking and freight brokerage company Mark-It Express Logistics has acquired the operating assets of Sava Transportation, based in Maywood, Illinois. On a year-over-year basis, I am already seeing an improvement in the truckload market as shown in the table below. However, the American Trucking Association estimates that there is a shortage of 90,000 drivers each year. Contact your Account Manager or ⦠TTX management stated that they know of only 2,000 net domestic container additions this year with nearly all 2020 equipment deliveries being put toward replacement. Intermodal Shipping News, data and analysis of the various factors that are driving the continued expansion of intermodal shipping activity around the globe. Therefore, for a significant rate spread between intermodal and trucking to emerge, it will have to come from truck rates strengthening. When it did happen it was for very specific reasons, such as for export coal that would not have moved otherwise. Non-asset intermodal providers want railroads to be more lenient on container charges and late fees when bidding for shipper business in order to become more competitive with the likes of J.B. Hunt Transport Services. Railroads are more conciliatory in negotiating contract rates than a year ago, hungry to recapture freight lost to trucking. J.B. Hunt described domestic intermodal customers as demanding intermodal service levels that are essentially indistinguishable from trucking while still expecting a rate discount from trucking that is similar to what shippers have received historically (i.e., 10%-15%). The positive volume outlook that most carriers have for domestic intermodal volume in 2020 is dependent upon an improvement in the truck rates in the second half of the year; FreightWaves explains why that expectation is reasonable here. Trucking news from the editors of Today's Trucking. Intermodal rail speeds higher across the board amid capacity excesses, Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. He is a CFA Charterholder. When it comes to the Inland Point Intermodal market, it’s a 40-foot world; thus far in 2020, 40-foot containers comprise just over three out of every four IPI revenue moves. This withdrawal from providing equipment necessary for international container transport is creating market complications for customers, motor carriers and chassis suppliers. TORONTO, Ont. Perhaps only as a hedge against a shortage of truckload capacity later in the year or to add to a checklist of “green” initiatives. News Finish First Training Program Expanded to East Coast. âOver the last several years, ocean carriers, that have historically provided chassis for the transport of intermodal freight containers, have announced and in some cases implemented plans to no longer provide these chassis. 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