H1.2018 North America: Continuing intermodal gains 26/10/18

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September 2018

Thanks to overall North American economic strength and a shortage of trucking capacity, Class I railroads are enjoying dynamic growth in intermodal activity and are responding with enhanced services and billions of dollars of investments in infrastructure and technology, as executives envision the upward trend continuing.

Total North American intermodal volumes for the quarter ended 30 June were up 6.2% on a year-over-year basis, according to figures released in August by the Intermodal Association of North America. That performance followed a first quarter in which intermodal activity experienced growth of 7.2% – even better than the 4.7% increase in intermodal loads for the full year of 2017 compared with 2016.

IANA’s president and chief executive officer, Joni Casey, noted that total domestic intermodal equipment loadings were up 7.7% for the first half of 2018, while international intermodal activity rose 4.8%.  ”Higher fuel prices, tight over-the-road capacity and a strong economic performance were factors attributed to this advance.” – she added.