North American Intermodal Decline Eases As Domestic Demand Holds Steady
The Intermodal Association of North America (IANA) reported a 4.3% year-over-year decrease in North American intermodal volume in Q2, although the decline narrowed. Domestic container demand remained robust, increasing by 4.0%, while international standard containers faced challenges such as port congestion and COVID-19 lockdowns, resulting in an 8.4% decrease. The peak season impact is expected to diminish, leading to a more stable trend for the year. Inflation and high oil prices may present opportunities for intermodal transportation.
