Intermodal Market Trends & Statistics - 1st Quarter 2017 - 8
Also notable is that intermodal volume
for the IMC market was growing
more quickly than for the domestic
intermodal segment as a whole, where
loads rose by just over 1% in Q1. This
shows that the IMC's gained some
share from other domestic intermodal
operators during early 2017. In fact,
IMC share of total domestic loads rose
from 19.0% in Q1 2016 to 19.5% in Q1
2017. Strong highway volume was up
year-over-year all three months of Q1,
but slowed from a 19% gain in January
to a 6% gain in March. This likely is
consistent with tightening trucking
capacity, which has historically limited
IMC highway volume gains. Still, for all
three months, highway loads exceeded
intermodal loads for the IMCs that are
surveyed. This was consistent with
2016, but in prior years intermodal
loads had a much higher share of the
IMC market. That could switch again if
trucking capacity continues to tighten
in the coming months.
Also, loadings were down in Q1 2017
compared to Q4 2016 for both highway
and intermodal loads. This is a normal
seasonal pattern, with holiday-driven
volume most often strong in Q4
while Q1 winter volume is typically
the slowest. This is evident in the
seasonally adjusted data noted above,
with total domestic intermodal volume
down sharply, but flat on a quarterto-quarter basis when seasonally
adjusted.
Intermodal moves generate more
revenue for the surveyed IMCs than
do highway loads. This likely reflects
that highway loads are shorter length
of haul than intermodal loads. As a
result, average revenue per intermodal
load is nearly twice as much as average
revenue per highway load. Yet both rose
solidly year-over-year, with an identical
1.9% average revenue increase for
each segment. Average revenue also
was down from Q4, but that, too, is a
normal seasonal pattern. Also for both
segments, monthly revenue per load
8
growth improved through Q1, showing
some promise for Q2 gains.
railroads' most promising segment for
accelerated growth in the coming years
is domestic intermodal, helped not only
by trucking's capacity, but also by the
railroads' need to replace lost volume
and get back on the growth track. This
offers IMCs even more opportunities
for healthy growth in the future.
Combining the strong rise in volume
and the modest gain in average
revenue, total IMC revenue rose 8.4%,
topping $1.6 billion for Q1 2017.
Highway revenue climbed at a higher
pace, up 13.8% compared to 5.6% for
intermodal. Highway's absolute revenue
Trucking Industry Outlook
increases also topped intermodal,
bringing in over $73 million compared
Truckload volume showed good
to Q1 of 2016. That was 56% of total Q1
growth from 2016 Q4 to 2017 Q1,
revenue gains for the IMCs surveyed.
but as has been the recent trend, this
Growth slowed month-by-month over
growth was highest in shorter-haul and
Q1, while average revenue accelerated. specialty trailer markets. Nevertheless,
Total revenue gains peaked in January, intermodal-eligible volume, in the form
rising 11.1% in total with a significant
of long-haul dry van traffic, accelerated
20.5% gain that month for highway
as well after a lackluster end to 2016.
revenue. Intermodal revenue growth
Since these figures are seasonally
actually was strongest in March,
adjusted and the first quarter of the
posting an 8.5% year-over-year gain.
year is normally the quietest in terms
of freight, the trend may not have been
Tightening trucking capacity will
apparent in the markets. Nevertheless,
likely slow IMC highway growth, but
the stage is being set for improving
raise intermodal gains. In addition
Tractor/Trailer Load Originations - 1st Qtr. 2017 vs. 4th Qtr. 2016
Actual
Length-of-Haul
4th Quarter
2016
1st Quarter
2017
Pct.
Change
<125 Miles
24,880,601
25,728,149
3.4%
125-299 Miles
34,754,877
35,419,943
1.9%
300-549 Miles
66,058,743
66,511,156
0.7%
550+ Miles
20,905,854
21,196,293
1.4%
Grand Total
146,600,075
148,855,540
1.5%
Tractor/Trailer Loads Originations - 1st Qtr. 2017 vs. 2016
Actual
Length-of-Haul
1st Quarter
2016
1st Quarter
2017
Pct.
Change
<125 Miles
24,251,744
25,728,149
6.1%
125-299 Miles
34,187,846
35,419,943
3.6%
300-549 Miles
64,587,940
66,511,156
3.0%
550+ Miles
20,887,462
21,196,293
1.5%
Grand Total
143,914,992
148,855,540
3.4%
Source for all charts on this page: FTR Associates
Intermodal Market Trends & Statistics Report | First Quarter 2017 | © IANA 2017
Table of Contents for the Digital Edition of Intermodal Market Trends & Statistics - 1st Quarter 2017
Intermodal Market Trends & Statistics - 1st Quarter 2017
Key Take-Aways
First Quarter 2017 Rail Volume Results
Seasonally Adjusted Intermodal Volume
Key Corridor Results
Intermodal Outlook
First Quarter 2017 IMC Results
Intermodal Long-Term Trends
Trucking Industry Outlook
U.S., Canada and Mexico Domestic Economies
Equipment Moves by Type, Ownership and Size
Eastern Canada
Mountain Central
Midwest
Mexico
Northeast
Northwest
Southeast
South Central
Southwest
Western Canada
Major Intermodal Corridors
Data Providers
Region Map
Notes to Report
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Key Take-Aways
Intermodal Market Trends & Statistics - 1st Quarter 2017 - First Quarter 2017 Rail Volume Results
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 3
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Key Corridor Results
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 5
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Intermodal Outlook
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Intermodal Long-Term Trends
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Trucking Industry Outlook
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 9
Intermodal Market Trends & Statistics - 1st Quarter 2017 - U.S., Canada and Mexico Domestic Economies
Intermodal Market Trends & Statistics - 1st Quarter 2017 - 11
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Equipment Moves by Type, Ownership and Size
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Mountain Central
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Mexico
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Northwest
Intermodal Market Trends & Statistics - 1st Quarter 2017 - South Central
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Western Canada
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Major Intermodal Corridors
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Region Map
Intermodal Market Trends & Statistics - 1st Quarter 2017 - Notes to Report
https://www.nxtbook.com/nxtbooks/iana/imts_2018q4
https://www.nxtbook.com/nxtbooks/iana/imts_2018q3
https://www.nxtbook.com/nxtbooks/iana/imts_2018q2
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https://www.nxtbook.com/nxtbooks/iana/imts_2017q3
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https://www.nxtbook.com/nxtbooks/iana/imts_2015q3
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https://www.nxtbook.com/nxtbooks/iana/imts_2014q4
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https://www.nxtbook.com/nxtbooks/iana/imts_2014q2
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