IANA reports a 2.4 percent gain in total Q2 intermodal volumes

The report observed that even though domestic container growth slowed from the first quarter to the second quarter, total domestic intermodal growth improved during the same period.

What’s more, this domestic data highlights the fact that domestic intermodal has been on a strong growth track due to things like lower fuel cost and improving service, as well as major investments into rail networks, spurring the thesis that that intermodal is taking share from over the road trucking and will continue to be an area of secular growth for railroads.

But while the growth rates are impressive, industry experts maintain that these strong domestic container intermodal volumes are due in large part to freight coming out of intermodal trailers into trailers or from one box to another, coupled with the fact that the gross number of intermodal loadings—both domestic and container—were higher in 2006 than in 2012 as was gross GDP and industrial production. What’s more, during that same period the number of truckloads moved and truck tonnage volume is larger than intermodal.

Casey said that the absolute amount of domestic containers was up 6 percent from the first quarter to the second quarter, while total intermodal volume growth is predicted to be up in the 3-to-4 percent range annually.

International containers in the second quarter—at 1,940,247—was down 1.3 percent compared to last year, following a 3.0 percent gain in the first quarter. The IANA report pointed out that through the first two months of the quarter international was on its way to showing positive growth, with 1.0 percent gains in both April and May, but those numbers were negated by June’s 6.0 percent drop.

“(年度)在这段也是我比较mpacted by higher than predicted growth in international shipments during the second of 2012, so we don’t know if June is an anomaly or will be repeated in subsequent months,” said Casey. “A slower global economy could also be a dampening factor.”

IMC (Intermodal Marketing Company) intermodal and highway revenue for the second quarter—at $889,612,996 and $191,494,645—were up 5.8 percent and 2.0 percent, respectively. Total revenue—at $1,081,107,641—was up 5.1 percent. Average revenue per intermodal load—at $2,637—was up 1.3 percent and average revenue per highway load—at $2,719—was up 4.6 percent, and average revenue per highway load—at $1,412—was down 3.4 percent.

Total second quarter IMC loads—at 462,789—were up 5.6 percent, with intermodal loads up 6.0 percent at 327,135 and highway loads up 4.4 percent at 135,654.

With IMC volumes seeing relatively slight gains with IMCs seeing more loadings growth from highway than from intermodal for the first time in almost five years, Casey stressed that two quarters don’t make a trend as IMC volumes have usually tracked with overall intermodal shipments, making it likely too early to rush to judgment.