J.B. Hunt Transport Services is hopeful that Western rail service will improve, allowing it to layer higher contract pricing across record intermodal volumes.
Intermodal providers are taking share with grace, but is it counterproductive to pricing gains?
J.B. Hunt Transport Services’ first-quarter earnings miss sent shares 6% lower in after-hours trading on Tuesday.
Outbound volumes from Detroit are back to their highest levels on record since 2018, and the spread in intermodal rates between Atlanta and LA is its lowest since 2021.
Intermodal shipping is dominated by the largest shippers in the U.S. and operates on a more static network, which gains higher cost efficiency than trucking over longer-mileage runs.
Shippers are willing to pay more to put freight on the rail just to get it moving out of Los Angeles.
Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.
Jim Blaze writes about the potential of short-haul intermodal traffic on the North American Class 1 railroads.
Jim Blaze writes about the Alameda Corridor in Los Angeles, that takes some of the freight from the harbor to distribution centers. Is it still economically viable?
Market Voice Jim Blaze writes about rail intermodal and what is happening to this area of the railroad sector.
The report showed further deceleration in the freight markets in May and warns an economic contraction could be underway.
On stage at Transparency19, FreightWaves CEO Craig Fuller unveiled SONAR 4.0 (video included).
FreightWaves adds air temperature information as well as new fleet count data.
