International and Domestic Container moves are up in Q3 28/10/22

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Source: https://www.intermodal.org/article/international-and-domestic-container-moves-are-up-in-q3

 

OCTOBER 28, 2022

INTERNATIONAL AND DOMESTIC CONTAINER MOVES ARE UP IN Q3

TRAILERS CONTINUE DOWNWARD TREND

CALVERTON, MD, October 28, 2022 – Domestic containers gained 1.5 percent, and international containers were up 0.1 percent year-over-year in the third quarter of 2022, according to the Intermodal Association of North America’s Intermodal Quarterly report. However, total intermodal volumes fell 1.0 percent based on a 27.7 percent decline in intermodal trailer traffic.

“The positive numbers for domestic and international containers are an indication of increasing network fluidity and reduction in congestion,” said Joni Casey, president and CEO of IANA. “Additional gains are anticipated in the fourth quarter which could negate some of the losses experienced during the first half of the year.”

The seven highest-density trade corridors, which collectively handled more than 60 percent of total volume, showed mixed results in the third quarter. The Trans-Canada corridor was up 6.1 percent, along with the Midwest-Southwest at 1.7 percent. The Midwest-Northwest recorded a 14.7 percent decline, followed by the South Central-Southwest and the Southeast-Southwest at 13.9 percent. The Intra-Southeast declined 8.5 percent, while the Northeast-Midwest held losses to 0.5 percent.

Members of the press may request the 2022 Third Quarter Intermodal Quarterly report from Hope Kabik at hkabik@intermodal.org

About IANA:
IANA’s roster of corporate members includes railroads, ocean carriers, ports, intermodal truckers and over-the-road highway carriers, intermodal marketing and logistic companies, and suppliers to the industry. This roster gives IANA a unique position within the intermodal community, one which is authoritative, holistic and able to affect change that benefits everyone. IANA consistently supports the shared needs, interests, and goals of its diverse members – regardless of mode or function – with business solutions, education, and networking opportunities. For more information, visit www.intermodal.org.

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