Intact intermodal movements have been decreasing steadily since 2002 for all container types as shippers increasingly turn to transload options, according to Ted Prince, principal of T. Prince & Associates.
Speaking on a conference call with the investment bank Stifel last week, industry veteran Prince said fewer containers are moving from the U.S. West Coast to the East Coast, as cargo is being transloaded to the Northeast and Southeast instead.
Significant increases in transloading have been seen over the past six years, as 67 percent of cargo moving through the West Coast to New York moves in 53-foot containers, not in a marine box, Stifel said in a wrapup of the call. With Southern California the load center for domestic and international business, most of what's coming out of the region is container freight stuffed into domestic containers or trailers.
wrote about transload opportunities
in a two-part series (Part I
and Part II
) earlier in 2013.