U.S. domestic intermodal rates showed little volatility this week and continued to settle at post-peak-season levels, according to rail pricing provided by logistics provider IDS.
An average of 25 major U.S. intermodal lanes stood at $2,352 per all-in, door-to-door, 53-foot container, less than 1 percent higher than the $2,331 average rate posted last week. The average had been as high as $2,579 in early October during the peak season but has settled down since. “Overall, the rates we tracked from last week to this week remained very constant across the networks,” IDS Executive Vice President Rick LaGore said.
The Chicago market saw price increases in the heavier outbound lanes, irrespective of direction. For example, Chicago to Los Angeles saw the rate increase from $1,755 last week to $1,810 this week and the rate was up 14 percent since September. Rates from Chicago to Dallas ticked up from $2,380 to $2,390 and are up more than 11 percent since September. Chicago to New Jersey similarly inched up from $1,560 last week to $1,570 this week.