North American Intermodal Rebounds in Q4 Amid Annual Challenges
The North American intermodal market saw year-over-year growth in Q4 2023, ending a nine-quarter decline, though full-year figures remained down. Inventory reduction, economic growth, and the resolution of West Coast labor contracts were key drivers of the Q4 increase. Intermodal is expected to continue growing in 2024 but faces challenges from trucking competition and global "X factors." The recovery suggests a positive trend in the freight market, potentially linked to broader economic recovery efforts, but sustained growth depends on navigating these external pressures.









