Class I railroads need domestic intermodal containers in LA to move volume, and spot rates from Detroit to Raleigh continue downward.
Spot rates begin to plateau from Las Vegas to Seattle, and intermodal spot rates appear to be holding up stronger than dry van rates.
Capacity loosens in the LA market while Dallas and Detroit markets both tighten.
Outbound tender rejections out of Nashville, Tennessee, are down 2% week-over-week, and the range of spot rates from Omaha, Nebraska, to Dallas increases.
Truckload spot rates from Kansas City, Missouri, to Milwaukee trend downward while intermodal spot rates from Chicago to Atlanta rise to protect capacity.
Class I railroads cut domestic intermodal rates by 82 cents from Atlanta to Dallas, and rejections in the Ontario, California, market hit below 3%.
Atlanta’s outbound tender volumes begin to trend upward, and China’s unwillingness to ease its lockdowns continues to impact exports to the U.S.
Intermodal and truckload spot rates both continue to decline.
Truckload spot rates continue to decline while the tender volume out of Nashville, Tennessee, rises 7%.
Spot rates are deteriorating rapidly from Columbus to Atlanta, and Union Pacific and CSX dismiss claims that precision scheduled railroading is the cause of poor service.
Class I railroads are less concerned with capacity as volumes decline, and the range of spot rates from Kansas City to Chicago is narrowing.
Outbound tender volumes are up 5.9% out of Houston, and the effects of the lockdown in Shanghai remain uncertain.
Dry van spot rates are falling faster than intermodal spot rates from Elizabeth to Chicago, and outbound tender volumes out of Seattle are up 8% w/w.
Outbound volumes are up 10% w/w out of Winchester, Virginia, and spot rates have fallen 14% from Elizabeth, New Jersey, to Boston.
Truckload spot rates remain twice as high as intermodal rates, says J.B. Hunt, and a key indicator of U.S. import volumes has been declining steadily.
The range of truckload spot market rates grows as industry continues to change, while the range of intermodal rates narrows.
Imported TEU volumes are expected to drop significantly in the days ahead, and Allentown outbound rejections fall to less than 12%.
As van demand continues to drop, intermodal volumes remain the same, and outbound rejections for Allentown drop 4%.
Rejections out of Nashville continue to rise, while spot rates from Green Bay to Atlanta plummet.
While dry van rates continue to drop, intermodal rates are up, and tender rejections in LA hit a record low.
