Wednesday, August 6, 2014
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IANA: Intermodal sector gains in Q2 indicate recovery
In the second quarter the intermodal sector posted gains across all segments, according to the latest Intermodal Market Trends and Statistics report issued by the Intermodal Association of North America.
The report said that international containers grew by 9.6 percent, trailers by 4.3 percent, and domestic containers by 7.6 percent quarter-over-quarter, signaling that the intermodal industry is recovering from the unusually harsh winter and contracted economy.
Due in large part to a strong second quarter, the IANA observed the first half of 2014 averaged 5.5 percent in total intermodal volume gains, just under the 5.8 percent growth posted in the second half of 2013.
"The second quarter results were indicative of a rebounding economy and higher than predicted import shipments," said Joni Casey, president and CEO of IANA. "It is also probable the harsh winter that resulted in constricted Q1 capacity contributed to the second quarter's strong growth, by comparison."
The seven highest-density trade corridors, accounting for 66.2 percent of total intermodal volume, rose 7.4 percent this quarter, falling below the 8.2 percent industry average, IANA said. The Trans-Canada corridor led the way in corridor growth with a 10.5 percent quarter-over-quarter increase, according to the report
The Midwest and Southwest, which the IANA says are two regions that account for almost 50 percent of total loadings, rose 6.3 percent and 7.8 percent, respectively, in the second quarter.
Intermodal marketing companies posted Q2 growth rates that were less than the overall intermodal volume numbers, the report noted, growing 2.4 percent from last year. IMCs benefited, in part, from the increased imports based on transloading opportunities.
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