Truckload Rates Hold Steady in August, Intermodal Linehaul Rates Rise in Same Period

"Capacity remains constrained due to a host of factors, including CSA 2010, HoS, EOBRs, tight financing, higher equipment costs, strategic acquisitions, etc.," the report stated. The slow rate of growth over the last several months can at least partially be attributed to a shift toward intermodal, which again saw continued solid demand in August.

Intermodal linehaul rates increased 1.3 percent from July to August, and were at the same level as last August, according to our Intermodal Linehaul Index. After three months of declining intermodal base rates, the recent increase in rates may be related to diesel prices once again moving past the $4/gal mark. Share shift from truckload to intermodal continues as more containers continue to come on line.

Read Full Article