US intermodal rates are continuing to tumble, with the overall index rate of the top 36 US lanes falling 2.2 per cent, or US$46, to $2,076 in the week ending November 18, according to data from IDS based on all-inclusive 53-foot door-to-door spot pricing quoted by railway operators.
The index has declined by $70 during the past two weeks.
The index for the top 18 combined lanes, including those serving Los Angeles, Chicago, New York, Dallas, Atlanta and Seattle, dropped by $61 to $1,975, its first dip below the $2,000 mark in eight weeks, while the top 12 index shed $103 to $2,125, according to media reports.
"The big news is Los Angeles outbound lanes dropped between three and 10 per cent," IDS executive vice president Rick LaGore said. "We're not at pre-peak levels in pricing, but we are getting there."
West-east spot rates fell 3.3 per cent, or $90, to $2,661, the fifth consecutive week without an increase in this lane. The largest drop was in the Los Angeles-Chicago lane, which declined by 9.4 per cent, or $260, to $2,510.
The east-west index dropped by 1.3 per cent, or $23, to $1,688. The rate on the Chicago-Los Angeles lane saw the largest decrease of 12.8 per cent, or $210, to $1,430.
North-south rates registered a marginal decrease of 0.2 per cent, or $3, to $1,827 in the week ending November 18. Rates for south-north lanes fell 2.2 per cent, or $41, to $1,801, with the Los Angeles-Tacoma lane recording the biggest decline after falling 7.9 per cent, or $235, to $2,735
WORLD SHIPPING
27 November 2013 - 00:22
Drop in US intermodal rates continues as index falls 2.2pc
US intermodal rates are continuing to tumble, with the overall index rate of the top 36 US lanes falling 2.2 per cent, or US$46, to $2,076 in the week ending November 18
WORLD SHIPPING
27 November 2013 - 00:22
Drop in US intermodal rates continues as index falls 2.2pc
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