Nashville, IN (February 8, 2009) Intermodal transport gained market share against trucks in the fourth quarter of 2009, reaching a new high in the process, a recent analysis by FTR Associates shows.
FOR IMMEDIATE RELEASE
Nashville, IN (February 8, 2009) Intermodal transport gained market share against trucks in the fourth quarter of 2009, reaching a new high in the process, a recent analysis by FTR Associates shows. Intermodal’s share of U.S. long-haul (550+ mile) movements of international and domestic containerized freight was estimated to be 13.3% in the fourth quarter, up 0.2% from the third quarter and slightly above the previous high-water mark achieved in Q4 2008. The analysis is contained in the February issue of FTR’s Intermodal Monthly Update.
“Intermodal has gained share for three consecutive quarters since the freight meltdown late last year” said Lawrence Gross, Senior Consultant for FTR and principal author of the Intermodal Monthly Update. “This latest increase has been driven by improvement in the International Intermodal sector, an indication that imports and exports are rebounding faster than domestic traffic. The market share of the Domestic intermodal sector, which had been growing earlier in the year, was flat in the fourth quarter”.
Gross expects the overall positive trend to continue. “Provided that the railroads maintain their current high levels of service, we see a variety of factors leading to a resumption of domestic share growth even as the international sector continues to rebound”.
FTR Associates, located in Nashville, IN is the publisher of the Intermodal Monthly Update and has been a leader in transportation forecasting for over 20 years. The company’s U.S. Freight Model collects and analyzes all data likely to impact freight movement and is based on specific characteristics for over 200 commodity groups. FTR Associates’ forecast reports cover trucking and rail transportation and include demand analysis for commercial vehicle as well as railcar. Specially designed reports are offered to participants in both industries to cover specific needs. For more information about the work of FTR Associates, visit www.ftrassociates.com or call Helen Lile at 888-988-1699 ext. 45.
For More Information Contact:
Chris Kemmer, Consultant
CK Marketing & Communications
614-459-9369/614-459-9379(Fax)
chris@ckkemmercomm.com
or
Helen Lile
FTR Associates
888-988-1699 – Ext. 45
hlile@ftrassociates.com
