CALVERTON, Md. — Intermodal freight volumes for the fourth quarter of 2016 posted a 1 percent gain over the same period last year for a total of 4.35 million shipments, the Intermodal Association of North America (IANA) reported yesterday. Volume for the year remained down 2.1 percent from 2015 and represented the first annual decline since 2008.
"While full-year totals didn't meet our original expectations, we turned the corner in November and December," said Joni Casey, president and CEO of IANA. "The 4 percent increase in domestic container volume during 2016 is a consistent and positive indicator of long-term growth for the industry."
The seven highest-density trade corridors increased 1.8 percent in volume and accounted for 63.3 percent of total volume, IANA stated. Domestic container volumes rose 3.4 percent in the fourth quarter while international shipments increased 0.6 percent. The trailer segment fell 9.2 percent.
Highway volumes increased 37.3 percent from the same quarter the previous year while intermodal loads fell 11.2 percent, resulting in a net volume increase of 10 percent for intermodal service.
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