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The average U.S. national spot rate for intermodal rail shipments rose 58% since early June, to the highest level in five years. The increase is driven mainly by surging import volumes on the West Coast, and some lanes from Los Angeles now price above truckload.
Higher intermodal rail costs signal tight rail and container capacity that can slow shipments of bulk feed ingredients. The effect on grain and feed prices is indirect.
freightwaves.comZach Strickland, FW Market Expert &, Market AnalystSep 20, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
