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Significant midyear gains, paired with comprehensive growth in the fourth quarter, delivered a strong overall intermodal performance in 2014, according to the Intermodal Association of North America’s year-end Intermodal Market Trends & Statistics publication.
Intermodal volume improved 4.8 percent in 2014, reports IANA. Domestic containers led the charge and global intermodal experienced significant growth compared to 2013.
"Intermodal performed well, despite industry-wide challenges," said Joni Casey, president and CEO of IANA. "For the first time in four years, international, domestic container, and trailer market segments all posted year-over-year growth. And volume gains were widespread geographically, with eight out of
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nine regions recording increases during 2014."
Domestic containers grew 5.7 percent year-over-year, according to the statement. International almost doubled its growth pace of the last three years, reporting a 4.4 percent increase in 2014, placing international loadings at just 4 percent below pre-recession levels. Trailer volumes grew by 2.9 percent year-over-year.
Intermodal marketing companies reported solid intermodal revenue growth in Q4, according to IANA, with average revenue for intermodal loads up by 3.6 percent. IMC intermodal also reported a 1.5 percent gain in volumes over Q3 2014 levels, which could indicate that this segment is rebounding.
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