Intermodal volumes fell sharply in Q1 in response to flagging client demand
Whole intermodal volumes fell 8.6% year-over-year within the first quarter of 2023, in line with the Intermodal Affiliation of North America (IANA)’s Intermodal Quarterly report.
The stoop was seen in all segments: home containers, -5.8%; worldwide containers, -8.8%; and trailers, -28.8%.
Quantity additionally dropped throughout all geographies, spanning the seven highest-density commerce corridors, which collectively dealt with greater than 60% of complete quantity. These decreases embrace the:
- South Central-Southwest, with a 19.2% deficit
- Southeast-Southwest at 16.0%
- Midwest-Southwest, declined 9.2%
- Midwest-Northwest, 7.8%
- Northeast-Midwest, 7.8%
- Intra-Southeast got here in 5.4% decrease
- Trans-Canada hall misplaced 1.2%
Regardless of the drop, IANA leaders noticed a silver lining within the pattern, saying the dip can be serving to the sector put together for a pending financial rebound. “Falling client demand for items and associated import declines have impacted intermodal volumes,” Joni Casey, president and CEO of IANA, mentioned in a launch. “Conversely, community fluidity and tools availability proceed to get well, so we’re well-positioned for progress over the following months.”
