Field said declines in TL spot rates have not placed any pressure on intermodal pricing as the rate gap between the modes remains wide. Throughout the pandemic, it has been the lack of rail capacity and fluidity that helped drive spot TL rates higher.
“I mean you’re 200% higher to buy a spot-rated truckload solution off the West Coast versus an intermodal rate,” Field said. “There’s a very significant gap before truckload prices put any kind of pressure back on the intermodal market.
source www.freightwaves.com
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