Why the intermodal market is in a ‘long peak' right now [Yahoo! Finance]
Union Pacific Corporation (UNP)
Last union pacific corporation earnings: 4/23 08:00 am
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Source: Yahoo! Finance
By mid-December, we're well past the time when goods bound by train would arrive in retail stores in time for Christmas shoppers, yet railroads are still carrying near-record numbers of boxes. Tariff pull-forward, consumer demand and inventory building are all driving higher intermodal volumes, setting the market up for rate increases next year. Call it a “long peak.” Total intermodal traffic in North America saw a significant boost last month, increasing by 8% year to date through November 2024 compared to the same period in 2023, according to the Association of American Railroads (AAR). U.S. railroads played a major role in this upsurge, originating an average of 282,000 intermodal containers and trailers per week in November 2024. This figure marks a 10.7% increase over November 2023 and represents the highest weekly average for any November since record-keeping began in 1989. The year-to-date intermodal volume in the U.S. through November reached 12.75 million units, represe
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- 10/24/24 - Miss
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