The Intermodal Association of North America said that intermodal volumes were 4,173,329 units in the second quarter of the year, an increase of 8.2 percent over the same 2013 period.
Volumes were boosted by a 9.6-percent increase in movements of international ISO containers to 2,126,170 units in the second quarter of this year.
Domestic intermodal traffic also increased to 1,632,802 domestic containers, a 7.6-percent increase, and to 414,357 trailers, a 4.3-percent increase.
“The second quarter results were indicative of a rebounding economy
and higher-than-predicted import shipments,” said Joni Casey, president
and chief executive officer of IANA. “It is also probable the harsh winter that resulted in
constricted Q1 capacity contributed to the second quarter’s strong
growth, by comparison.”
Seven trade corridors account for 66.2 percent of all intermodal volumes; during the second quarter, these corridors fell off the industry growth pace by 0.8 percent, ending the period at 7.4-percent growth.
"Five of the seven bi-directional lanes recorded growth near or
above industry averages. The Trans-Canada corridor, positively impacted
by international intermodal shipments from Eastern Canada to Western
Canada, showed a 10.5-percent,
quarter-over-quarter, increase," IANA said.
It continued, "Eight of the nine IANA
regions experienced growth in the second quarter, with six areas
reporting increases larger than 10 percent. Of these six, all were
heavily impacted by strong showings in international intermodal
shipments. The Midwest and Southwest, the two largest IANA regions
accounting for almost 50 percent of total loadings, climbed 6.3 percent
and 7.8 percent, respectively."
companies grew 2.4 percent, year-over-year. IANA said IMCs may have gotten a partial boost "from the robust
showing from imports based on transloading opportunities."
revenue for both intermodal and highway IMC market segments continued
its strong growth, with increases of 6 percent and 16.3 percent,
respectively. A month-by-month IMC growth comparison indicates that
April led the way with 4.2 percent gains, then slowed to 0.9
percent in May and 2 percent in June. In quarter-over-quarter
comparisons, intermodal business accelerated 6.7 percent.