2012 Intermodal Reports Appear Positive
With the peak shipping season gearing up, there is positive news for intermodal volumes.
The Journal of Commerce reported results shared by the Intermodal Association of North America (IANA). International intermodal volumes are up and the U.S. intermodal traffic on major railroads hit a record high in July.
The following are the international intermodal results from the IANA.
- The volume increase is the best growth in a year
- There was a 3.9 percent increase on second quarter volumes year-over-year
- The 1.95 million units was the most shipped in a second quarter since 2008
While the U.S. rail networks are experiencing steady growth, July was a record month, according to the Association of American Railroads.
- Intermodal traffic on railways rose 5.6 percent in July
- Intermodal freight shipments increased 4.1 percent for the week ending July 28
Total intermodal traffic also increased in the second quarter, up 5.2 percent.
An article in Logistics Management quoted IANA President and CEO Joni Casey predicting continued growth in domestic intermodal traffic for the remainder of the year and into 2013.
Responding to improved services, shippers seek intermodal options for potential cost savings. The boost in domestic and international volumes has logistics providers with intermodal capabilities cautiously optimistic.