U.S. intermodal rates continued to rise slightly last week across all lanes, according to weekly data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. This increase continues due to higher fuel prices, IDS said.
All-in 53-Foot Door-to-Door Spot Intermodal Rates
East to West Rates
During the week of Feb. 25, all four directional indices — east-west, west-east, north-south, and south-north — saw rate increases. The east-west index rose 0.3 percent or $5 to $1,815 per all-in 53-foot moves. West-east rates climbed 0.4 percent or $8.75 to $2,463. North-south rates were up 0.4 percent or $8.43 to $2,006, and south-north lanes climbed 0.5 percent or $9.71 to $1,781, IDS reported.
IDS EVP Rick LaGore said:“We have seen a 2.1 percent difference between the high and low for the 36 lanes on the index. We were at the lowest indexed rate just 3 weeks ago and have been climbing since then because of fuel.” U.S. diesel prices rose for five weeks straight until this week, when they remained mostly unchanged.
Rates showed increases across a wide range of lanes this week. Chicago-Denver, an east-west lane, was $2,655, up 0.4 percent or $10 from $2,645 a week ago. Another east-west lane, Atlanta-Los Angeles, had a rate increase of 0.3 percent or $5 from $1,995 last week to $2,000. Atlanta-Dallas was the only major lane that remained flat, at $1,685 for a second week. As for the west-east lanes, Los Angeles-Chicago and Los Angeles-Dallas both showed a 0.4 percent increase this week. Los Angeles-Chicago rose by $10 to $2,320. Los Angeles-Dallas was $2,470, also up $10. Los Angeles-New Jersey and Seattle-Chicago rose by 0.3 percent, to $3,525 and $1,945, respectively.
Northbound and southbound rates also showed modest increases this week. Chicago-Dallas, a north-south lane, rose 0.2 percent or $5 to $2,300, while New Jersey-Atlanta increased 0.5 percent or $5 to $950. The south-north lanes of Atlanta-Seattle and Dallas-New Jersey both grew by 0.4 percent or $10, to $2,855 and $2,500, respectively.
“Looking at the regional indexes, we are right in the middle of the price swings for East and West Bound indexed rates for the last 9 week period,” LaGore said. “The North and South indexed lanes are at the top for the last 9 weeks, but then again they had little overall movement. The reason for these lanes being at the top side of the index appears to be all fuel oriented since the upward progression coincided with the rise in fuel.”