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US Intermodal Suffers Largest Ever Quarterly Loss

Volume fell 16.3% in Q1. Nonetheless, government and private sources make major financial commitments, including $1.5 billion from federal Recovery Act.

By John McCloud | Updated on May 13, 2009

CALVERTON, MD-Though North American intermodal shipping suffered its largest drop ever in Q1, both government and private sources took actions indicating a willingness to make a long-term financial commitment to the integrated approach to freight transport.

According to a May 12 report from the Calverton-based Intermodal Association of North America, overall intermodal traffic suffered a 16.3% drop in Q1 compared to the same period in 2008. The single glimmer of hope was provided by the domestic container category, which actually saw volumes rise 0.1% for the quarter, with the biggest contribution coming from the 53-foot container subcategory, which experienced a 4.6% jump from last year’s total.

Unfortunately, the losses in other categories more than offset domestic container gains. International container volume was particularly hard hit, falling 22.7%. While every IANA region recorded declines, the drop in the the Northwest region was by far the worst at 32.9%. Western Canada saw the smallest decline in international container volume at 11.2%.

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