U.S. spot intermodal rates, particularly lanes west to east, are gradually weakening off of the peak holiday volume period earlier in the fall, according to data from 3PL IDS Transportation.
“We continue to see the west to east lanes begin their decrease off the peak weeks,” IDS Executive Vice President Rick LaGore said.
An average of 25 high-volume U.S. intermodal lanes stood at $2,389 per all-in 53-foot door-to-door rates. This was 1.2 percent higher than the previous week but was more than 7 percent lower than the $2,579 average level at the beginning of October.
An average of west-to-east lanes stood at $2,976, versus $3,324 in early September. As an example, Los Angeles-to-Dallas rates have dropped from $2,940 in late September to $2,440 last week, IDS reported. Los Angeles-to-New Jersey rates fell from $4,240 to $3,700 last week. Seattle to Chicago dropped from $2,130 in late September to $1,900 last week.