International Segment Drives Intermodal Volume Growth

In the second quarter of 2024, total intermodal volume rose 7.9 percent year-over-year, driven by expanding international trade volumes. The growth was largely attributable to international containers, which surged 13.3 percent. However, trailer-on-flatcar transportation declined 20.6 percent, dampening overall gains. Significant volume increases were also recorded across seven high-density trade corridors in the United States. The Federal Reserve's decisions in the coming three months will determine whether this growth momentum can be sustained.

Key Takeaways:

1. Intermodal volumes increased 7.9 percent in the second quarter of 2024.

2. International container volume grew 13.3 percent.

3. Trailer-on-flatcar (TOFC) transportation declined 20.6 percent.

4. The highest growth of 21.5 percent was recorded in the Midwest-Northwest trade corridor.

5. Federal Reserve decisions will determine future growth prospects.

News Link: https://www.thescxchange.com/articles/10645-intermodal-volumes-buoyed-by-international-segment