Intermodal Market Trends & Statistics - 3rd Quarter 2017 - 8
IMC Market Trends - YTD 2016 vs. YTD 2015
On a monthly basis, IMC intermodal
loads slowed through Q3. Year-overyear comparisons actually were
negative in September, dropping 1.5%.
September also dropped by almost 6%
compared to August. This may reflect
the large share of domestic container
growth that is from transloaded
imports, as international loadings
typically peak in August.
IMC Market Trends - YTD 2017 vs. 2016
Highway volume grew in Q3 for the
first time in 2017. After falling 4.5%
in Q1 and 3.4% in Q2, highway loads
improved sharply in Q3-up 5.6%
year-over-year. They also climbed
9.8% from Q2 to Q3, partly reflecting
seasonal patterns. However, trucking
capacity is expected to tighten soon,
which could slow the rapid gains
posted by the IMC highway sector in
future quarters.
The monthly trend for highway loads
was the exact opposite of intermodal
loads. Year-over-year gains rose from
2.1% in July to 10.0% in October.
August was a record month for IMCs,
up by 4.5% and topping 196,000. Also,
the highway share of IMC volume hit a
record high in September, over 57% for
the first time.
Average revenue per load was
an even bigger driver of total Q3
revenue gains for IMCs. Highway
average revenue jumped by 15.1%
over last year and 5.6% compared
to Q2. September's monthly average
highway revenue topped $1,600 for
the first time in two years. Since
rising IMC highway volume usually
means looser trucking capacity, it is
likely this increase in average revenue
represented length-of-haul more than
pricing.
Intermodal revenue per load was
steadier, up 2.3% compared to last year
and 3.9% over Q2. However, intermodal
average revenue also peaked in
September, topping $2,700 per load for
the first time in four years.
8
YTD 2016
YTD 2017
Pct.
Change
Intermodal Loads
1,235,464
1,281,997
3.8%
Highway Loads
1,503,427
1,495,659
-0.5%
Total Loads
2,738,891
2,777,656
1.4%
Intermodal Revenue
$
3,181,100,852
$
3,353,654,071
5.4%
Highway Revenue
$
2,039,398,459
$
2,231,993,115
9.4%
Total Revenue
$
5,220,499,311
$
5,585,647,186
7.0%
Average per Intermodal Load
$
2,575
$
2,616
1.6%
Average per Highway Load
$
1,356
$
1,492
10.0%
Tractor/Trailer Loads Orig. - 3rd Qtr. 2017 vs. 2nd Qtr. 2017
Actual
Length-of-Haul
2nd Quarter
2017
3rd Quarter
2017
Pct.
Change
<125 Miles
26,017,253
26,179,281
0.6%
125-299 Miles
35,202,879
35,508,033
0.9%
300-549 Miles
67,379,833
67,862,807
0.7%
550+ Miles
22,083,279
22,285,914
0.9%
Grand Total
150,683,244
151,836,035
0.8%
Source: FTR Associates
Tractor/Trailer Loads Orig. - 3rd Qtr. 2017 vs. 2016
Actual
Length-of-Haul
3rd Quarter
2016
3rd Quarter
2017
Pct.
Change
<125 Miles
24,451,459
26,179,281
7.1%
125-299 Miles
34,318,443
35,508,033
3.5%
300-549 Miles
65,815,094
67,862,807
3.1%
550+ Miles
21,264,781
22,285,914
4.8%
Grand Total
145,849,777
151,836,035
4.1%
Source: FTR Associates
Overall, Q3 was a strong quarter
for the IMCs. Total IMC revenue was
up by over $206 million compared to
last year, and $176 million above Q2.
This pushed total IMC revenue over
$2 billion in Q3. Nearly three-quarters
Intermodal Market Trends & Statistics Report | Third Quarter 2017 | © IANA 2017
of that gain in revenue was from the
highway segment. Analysts should
keep an eye on trucking capacity in the
coming months to see if IMC growth
can be sustained.
Table of Contents for the Digital Edition of Intermodal Market Trends & Statistics - 3rd Quarter 2017
Key Take-Aways
Third Quarter 2017 Rail Volume Results
Seasonally Adjusted Intermodal Volume
Key Corridor Results
Key Corridor Growth
Intermodal Outlook
Intermodal Long-Term Trends
Third Quarter 2017 IMC Results
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
South Central
Southeast
Southwest
Western Canada
Major Intermodal Corridors
Data Providers
Region Map
Notes to Report
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Key Take-Aways
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Third Quarter 2017 Rail Volume Results
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - 3
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Key Corridor Results
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Key Corridor Growth
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Intermodal Outlook
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Third Quarter 2017 IMC Results
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - 8
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Trucking Industry Outlook
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - U.S., Canada and Mexico Domestic Economies
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - 11
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Equipment Moves by Type, Ownership and Size
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Mountain Central
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Mexico
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Northwest
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Southeast
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Western Canada
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Major Intermodal Corridors
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Region Map
Intermodal Market Trends & Statistics - 3rd Quarter 2017 - Notes to Report
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