Intermodal Market Trends & Statistics - 3rd Quarter 2017 - 1
INTERMODAL MARKET TRENDS
& STATISTICS REPORT
2017 Third Quarter Report
y Intermodal loads climbed 6.3% year-over-year in Q3. This
was the strongest growth rate in over three years, but was
subject to weak comparisons. In Q3 of 2016, total intermodal volume fell by 4.6%.
y Trailer loads had the strongest growth number at 8.4% yearover-year. This comes after very weak comparisons - trailer
loads dropped by 26.9% in Q3 of 2016.
y Truckload gains slowed in Q3, but utilization remains above
99%. The ELD requirement and driver shortage will keep
pressure on the truck market into 2018.
y Domestic container loads have grown steadily throughout
2017. While expansion mostly came from the Southwest
region in Q2, regional improvements were fairly balanced in
y U.S. GDP is projected to slow to 2.3% growth in Q3. Canada's economy expanded by 4.5% in Q2, prompting an
interest rate hike to 1.0%. Mexico's economy slowed, and is
dealing with uncertainty from natural disasters, the presidential election, and NAFTA.
y International intermodal volume gained 8.2% year-over-year
in Q3. In comparison, international fell 6.7% from 2015Q3 to
Third Quarter 2017 Intermodal Volume Comparisons