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In February 2025, intermodal spot rates across Chicago, Atlanta, and Los Angeles reflected a mix of trends, aligning with the latest 3-month rolling average data. Chicago recorded the steepest drop, falling 11.71%, reinforcing a downward pricing shift that has been developing over recent months. Los Angeles also experienced a 4.99% decrease, marking a notable but less dramatic shift compared to Chicago. Meanwhile, Atlanta saw a 6.45% increase, standing out as the only market with rising rates this month. These movements indicate that while some regions are seeing softening demand, Atlanta’s resilience suggests regional fluctuations rather than an industry-wide trend. The overall market remains dynamic, with rolling averages providing a clearer picture of long-term pricing stability.

Chicago Rates Plummet 11.71% – Steepest Decline of the Month

Chicago’s intermodal spot rates took a sharp downturn in February 2025, averaging $2.22 per mile—a 30.84% decline from January’s $3.21 per mile. This marks the most significant month-over-month drop in recent history, aligning with the 11.71% decline in the 3-month rolling average, as shown in the chart. The rolling average now sits at $3.09 per mile, signaling that despite the sharp drop this month, broader pricing trends have been more stable. However, year-over-year, rates are down 28.16% from February 2024’s $3.09 per mile, reinforcing that Chicago’s market continues to face pricing pressure. With the most substantial decline among the three markets, Chicago’s intermodal pricing is facing headwinds, and whether this trend continues will depend on demand stabilization in the coming months.

Atlanta Spot Rates Surge 6.45% – Bucking the Market Trend

Unlike other markets, Atlanta’s intermodal spot rates climbed 6.45% in February 2025, bringing the monthly average to $4.05 per mile—an 11.88% increase from January’s $3.62 per mile. This growth stands out as Atlanta is the only market to see an increase in both month-over-month and rolling average pricing. The 3-month rolling average now sits at $3.79 per mile, reinforcing a steady upward trajectory in pricing. Year-over-year, rates are up 9.76% from February 2024’s $3.69 per mile, demonstrating consistent demand strength. As seen in the chart, Atlanta remains on a steady growth path, while other markets experience a cooldown. This suggests that regional carrier capacity and demand dynamics are playing a larger role in intermodal pricing than overall industry-wide trends.

Los Angeles Rates Drop 4.99% – Market Correction or Temporary Dip?

Los Angeles’ intermodal spot rates averaged $3.95 per mile in February 2025, reflecting a 7.06% decrease from January’s $4.25 per mile. The chart confirms a 4.99% decline in the 3-month rolling average, suggesting that despite some pricing fluctuations, long-term trends remain relatively stable. The rolling average continues to hold at $4.25 per mile, reinforcing LA’s role as a key intermodal hub despite short-term volatility. Year-over-year, rates have climbed 10.64% from February 2024’s $3.57 per mile, reflecting sustained growth over the past 12 months. While the monthly dip suggests a pricing correction, the long-term upward trajectory in LA’s intermodal rates highlights continued market resilience.