East-west intermodal pricing slipped this week while north-south lanes saw increases, according to weekly pricing data provided by the 3PL IDS.
An index of west-to-east lanes in the U.S. continued a multiweek slide, dropping $10 to $2,440 for an all-inclusive 53-foot door-to-door move based on rates supplied by Class 1 railroads. The west-to-east index has dropped for nine of the past 10 weeks and has lost $875 or 26 percent since October.
An index of east-to-west lanes declined $122 last week to $1,781. The index jumped $163 last week, tied to a temporary shortage of equipment in the New York-New Jersey area, but prior to that had slipped for the previous seven weeks, and has lost 7.3 percent since October, according to IDS.
North-south lanes have fared somewhat better, both last week and in recent months. An index of north-to-south lanes was up $16 to $1,971 and is up $198 or 11 percent since October. An index of south-to-north lanes was up $1 to $1,749. Although that index has seen marginal erosion in recent weeks, it’s still up $283 or 19 percent since October.