What We’re Reading – May Roundup
With Q1 and April Intermodal volumes finalized, the industry is seeing the recovery continue. Year-over-year, volumes were up 10.5% in Q1 and 33.8% in April. The latest data also shows an 18% increase in consumer spending, a nod to a stronger economy.
This good news is trickling down to intermodal marketing companies (IMCs) as well. These companies use DrayNow to find capacity, and they have collectively seen a 10.2% increase in volume for Q1.
And we couldn’t forget to mention the topic that’s on everyone’s mind: fuel prices. Rising prices combined with the Colonial Pipeline shutdown have created a volatile diesel market. Just looking at this week, diesel prices are up 33% compared to last year.
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