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Home » Intermodal volumes fell sharply in Q1 in response to flagging consumer demand

Intermodal volumes fell sharply in Q1 in response to flagging consumer demand

Slump hit every sector, including domestic containers, international containers, and trailers, IANA says

intermodal IMTS Q1 2023_500.png
April 28, 2023
Supply Chain Quarterly Staff
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Total intermodal volumes fell 8.6% year-over-year in the first quarter of 2023, according to the Intermodal Association of North America (IANA)’s Intermodal Quarterly report.  

The slump was visible in all segments: domestic containers, -5.8%; international containers, -8.8%; and trailers, -28.8%.

Volume also dropped across all geographies, spanning the seven highest-density trade corridors, which collectively handled more than 60% of total volume. Those decreases include the: 

  • South Central-Southwest, with a 19.2% deficit
  • Southeast-Southwest at 16.0%
  • Midwest-Southwest, declined 9.2% 
  • Midwest-Northwest, 7.8%
  • Northeast-Midwest, 7.8%
  • Intra-Southeast came in 5.4% lower
  • Trans-Canada corridor lost 1.2%

Despite the drop, IANA leaders saw a silver lining in the trend, saying the dip is also helping the sector prepare for a pending economic rebound. “Falling consumer demand for goods and related import declines have impacted intermodal volumes,” Joni Casey, president and CEO of IANA, said in a release. “Conversely, network fluidity and equipment availability continue to recover, so we are well-positioned for growth over the ensuing months.”

 

 

 

Intermodal Rail
KEYWORDS Intermodal Association of North America
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