Third-quarter 2022 total intermodal volumes fell 1.0% year-over-year based on a 27.7% decline in intermodal trailer traffic, according to the Intermodal Association of North America’s (IANA) Intermodal Quarterly report. Domestic containers and international containers were up 1.5% and 0.1%, respectively.
IANA on Oct. 28 reported the seven highest-density trade corridors, which collectively handled more than 60% of total volume, showed mixed results in the three months ended Sept. 30, 2022. While the Trans-Canada corridor and Midwest-Southwest were up 6.1% and 1.7%, respectively, from the prior-year period, the Midwest-Northwest recorded a 14.7% decline, followed by the South Central-Southwest and the Southeast-Southwest at 13.9%, and the Intra-Southeast at 8.5%. The Northeast-Midwest held losses to 0.5%.
“The positive numbers for domestic and international containers are an indication of increasing network fluidity and reduction in congestion,” IANA President and CEO Joni Casey said. “Additional gains are anticipated in the fourth quarter, which could negate some of the losses experienced during the first half of the year.”
In related developments, IANA in August reported the decline in intermodal volumes slowed in second-quarter 2022.