On Gateway
By the Numbers
An extensive , multi-channel , interactive freight shipping dashboard can be found at https :// www . joc . com / gateway / about
US intermodal train speeds slowest since September 2022 Rolling four-week average of US Class I intermodal train speeds , in miles per hour
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27.5
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On Gateway
The surge in US container imports in 2024 — up 14 % through September — is challenging intermodal rail service , as reflected by slowing trains speeds and rising idling times for railcars . Average intermodal train speeds of Class I railroads when compared to 2022 and 2023 has been declining steadily since January , according to data from the US Surface Transportation Board . A fresh surge of US imports from Asia into Southern California in recent weeks has presented the most recent challenge to Western railroads , pushing up dwell times for containers .
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Source : Surface Transportation Board
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2022 2023 2024 |
© 2024 S & P Global |
The Gateway is an online shipping dashboard of more than 140 continuously updated charts from S & P Global and identified external data sources organized by trade lane , mode and topic . https :// www . joc . com / gateway |
US truckload spot weakens
As of Oct . 12 , 2024 , the DAT Freight and Analytics average weekly spot truckload rate , excluding fuel surcharges , remained flat at $ 1.63 per mile , unchanged from the previous two weeks but up 7.2 % from $ 1.53 per mile as of Oct . 28 , 2023 .
$ 1 . 80 $ 1 . 75 $ 1 . 70 $ 1 . 65
U p 7 . 2 % f r om O c t . 2023
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$ 1 . 55 |
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$ 1 . 50
25- N ov - 23
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23- D e c - 23 |
20- J a n - 24 |
17- F e b - 24 |
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Source : DAT Solutions © 2024 S & P Global
Xeneta Asia to US West Coast short and long-term rates
Xeneta aggregates freight rates for both short-term contracts valid for less than 32 days , and long-term contract that are valid for 87 days or more . Terminal Handling Charges ( THCs ) are excluded . The Oct . 31 , 2024 , average spot rate from Asia to the US West Coast was $ 4,729 per FEU , down 0.3 % from the previous week . Average rates in long-term contracts signed in the last three month ticked up 0.02 % from the previous week to $ 2.987 per FEU , while overall long-term contract rates slipped 1.1 % to $ 2,242 per FEU .
S hor t - t e r m r a t e s C on t r a ct r a t e s si gn e d in l a st t hr e e m on t hs
C on t r a ct r a t e s
$ 10,000
USD per FEU
$ 8,000 $ 6,000 $ 4,000 $ 2,000
$ 0 01 / 07 / 2021
10 / 31 / 2024
Xeneta ’ s ocean freight spot and contract pricing benchmarks gather over 10 million rates monthly from large volume global shippers and forwarders . Before releasing any market information , a minimum of five daily rates per route , per equipment type is required .
42 Journal of Commerce | November 18 , 2024 www . joc . com