Intermodal Slows Decline in Second Quarter Domestic Volumes Help Buoy Results
"Ports America remains focused on providing best-in-class service to many of the world’s leading shipping lines as well as the work we have completed in improving workflow solutions to beneficial cargo owners to drive dramatic growth for the company."
Total intermodal volumes fell 4.3 percent year-over-year in the second quarter of 2022, according to the Intermodal Association of North America’s Intermodal Quarterly report. Domestic shipments held positive ground at 4.0 percent growth, while international containers dropped 8.4 percent and trailers, 25.2 percent.
The seven highest-density trade corridors, which collectively handled more than 60 percent of total volume, were all down in the second quarter. The Midwest-Northwest led the losses with a 20.1 percent decline, followed by the South Central-Southwest at 14.5 percent. The Intra-Southeast, Southeast-Southwest and Midwest-Southwest dropped 7.8, 5.5 and 5.3 percent, respectively. The Northeast-Midwest dipped 3.1 percent, and the Trans-Canada corridor held losses to 2.2 percent.
Total IMC volume rose 1.3 percent year-over-year in Q2, with intermodal traffic down 7.4 percent and highway loads, two-thirds of total IMC volume, up 6.3 percent.
About IANA
IANA’s roster of corporate members includes railroads, ocean carriers, ports, intermodal truckers and over-the-road highway carriers, intermodal marketing and logistic companies, and suppliers to the industry. This roster gives IANA a unique position within the intermodal community, one which is authoritative, holistic and able to affect change that benefits everyone. IANA consistently supports the shared needs, interests, and goals of its diverse members – regardless of mode or function – with business solutions, education, and networking opportunities.
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