Intermodal Market Trends & Statistics - 2nd Quarter 2015 - (Page 1)

Intermodal Market Trends & Statistics Quarterly Analysis of Industry Activities International Intermodal Volumes Jump 6.8% Strong Q2 pulls year-to-date growth to 3.9% Second Quarter 2015 Rail Volume Results After Q1's slow start, intermodal volumes pulled ahead, surprising most with an impressive 4.5% growth rate in Q2. The biggest surprise may be that most of the growth can be attributed to international intermodal vs. domestic. International intermodal shipments jumped 6.8% in Q2. It is tempting to assume that the improvement in Q2 is due to the release of pent-up demand accrued during the port disruptions in Q1, however Q2's results were sufficiently strong to suggest that there is more going on. For one, growth was strongest at the end of the quarter: June shipments were up 8.9% and that was on top of the 9.3% growth recorded in June of 2014. These results suggest that while much of the strong performance in Q2 was due to the recovery from Q1's port disruptions, strengthening container import volumes also played a role in pushing international volumes higher. International shipments are closely tied to container imports and data from PIERS suggest that this sector rose by 6.5% in Q2. This mirrors the increase in international volumes. Still, there were some interesting variations. For example, container imports through the ports of L.A. and Long Beach fell 1.7% in Q2 (according to port-released figures), while international originations in the Southwest gained 4.8%. This may imply that much of the strength in this region was due to the rebound from portdisruptions in Q1. However, in other regions, namely in the East, international growth failed to keep pace with robust increases in container imports. Second Quarter 2015  © IANA 2015 Second Quarter Totals 2014 2015 Change 414,357 401,531 -3.1% Domestic Containers 1,632,802 1,690,190 3.5% All Domestic Equipment 2,047,159 2,091,721 2.2% ISO Containers 2,126,170 2,270,328 6.8% Total 4,173,329 4,362,049 4.5% Trailers Year to Date 2015 2014 Trailers 2015 Change 827,421 804,537 -2.8% Domestic Containers 3,105,926 3,279,553 5.6% All Domestic Equipment 3,933,347 4,084,090 3.8% ISO Containers 4,017,436 4,173,522 3.9% Total 7,950,783 8,257,612 3.9% Second Quarter Equipment Loading Trends 28' Trailers/Containers 67,868 68,868 2Q 14-15 Growth 1.5% 40/45' Trailers 32,903 29,293 -11.0% 0.7% 48/53' Trailers 314,632 303,932 -3.4% 7.0% 20/40/45' Containers 2,126,170 2,270,328 6.8% 52.0% 48/53' Containers 1,631,756 1,689,628 3.5% 38.7% Total 4,173,329 4,362,049 4.5% 100.0% Equipment Size/Type 2Q14 All in all, Q2's international volumes were strong enough to pull total yearto-date growth up to 3.9%. In contrast to international numbers, domestic intermodal softened in Q2. Total domestic intermodal shipments gained just 2.2%. This was actually the slowest growth rate since 2Q15 2Q 15 Share 1.6% 2009. Much of the weakness was due to trailers, which declined 3.1% in Q2. However, domestic containers rose by just 3.5%, well below the previous long-term trend. This same segment recorded a similarly slow pace in the first quarter of 2014, but that was largely due to the impact of 1

Table of Contents for the Digital Edition of Intermodal Market Trends & Statistics - 2nd Quarter 2015

2Q 2015 Rail Volume
Key Corridor Results
Regional Traffic
Seasonally Adjusted Intermodal Volume
2Q 2015 IMC Results
Intermodal Long-Term Trends
Intermodal Outlook
Trucking Industry Outlook
U.S. and Canadian Domestic Economies
Monthly Traffic by Type
Monthly Traffic by Ownership
Eastern Canada
Mountain Central
Midwest
Northeast
Northwest
South Central
Southeast
Southwest
Western Canada
Major Intermodal Corridors
Notes to Report

Intermodal Market Trends & Statistics - 2nd Quarter 2015

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