Intermodal Market Trends & Statistics - 1st Quarter 2017 - 1
INTERMODAL MARKET TRENDS
& STATISTICS REPORT
2017 First Quarter Report
y After contracting for nine consecutive quarters, trailers
posted a small 0.3% gain at the beginning of 2017. Trailer
shipments fell 23% in 2016, partially because of strong
highway competition due to low oil prices and partially
due to the Triple Crown exit from much of the Roadrailer
y After a disappointing 2016, intermodal markets seemed
to bounce back: total intermodal grew 2.0% in Q1 2017.
y International intermodal led overall growth, advancing
2.9%, a stronger growth rate than both domestic containers and trailers.
y 2016 Q1 contained a leap year day, and as a result, 2017
Q1 had one fewer day of shipments. Adjusting for the leap
day, international volumes would have gained an even
more impressive 3.2%.
y In contrast, domestic containers rose just 1.3%; however,
this comes on the heels of an outstanding 6.4% gain in Q1
y Truckload highway gains were also healthy at 3.6%,
however the bulk of this growth was concentrated in lanes
of less than 125 miles.
y GDP showed modest growth across North America. U.S.
GDP is expected to rise 0.9% in Q1. The Canadian economy expanded 2.6% in Q4 of 2016, and even the Mexican
economy is showing signs of recovery.
All Intermodal Market Segments Advanced in Q1