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Indiaexportnews.com

Intermodal rates continue to rise in May

  10.07.2017    

The latest Cass Intermodal Price Index report shows that intermodal pricing in May 2017 continued to expand, but the pace of growth slowed, American Shipper reported.
Rates increased 2.2 per cent year over year to 129.3 in another consecutive month of expansion, but the data suggests momentum is slowing, Cass said.
The 3-5 per cent growth seen earlier this year has dropped steadily, but Donald Broughton with Broughton Capital, who analyses the data for Cass, said he expects intermodal rates to continue to show better strength in 2017 than was achieved in 2016.
Now that diesel fuel pricing has recovered, the current level of demand and pricing will produce a positive year-over-year comparison for the next six to nine months, said Mr Broughton.



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