Reported 24 days ago
The intermodal freight sector has seen a resurgence with a 10% rise in container volumes from 2023. However, this growth is accompanied by a notable 42% drop in spot rates compared to peak COVID levels, highlighting ongoing issues in balancing demand and capacity. While railroads are regaining market share, they are simultaneously reducing disruption in the truckload market, which may jeopardize their ability to increase rates in the long run. Improvements in infrastructure offer long-term benefits, yet the current state of oversupply in the truckload market leaves it vulnerable to future demand shocks.
Source: YAHOO