TTX Sees Intermodal Volume Growth Continuing

Railcar pooling company TTX expects intermodal volume this year to continue its growth trend.

Speaking during a webcast sponsored by the Intermodal Association of North America, TTX analysts said intermodal growth will be driven by low retail inventories and continued consumer demand for goods rather than services due to the pandemic.

Another factor, the TTX analysts said is the inability of trucking companies to find enough drivers to meet transportation demand.

The TTX panelists projected that international intermodal volume will grow by 7.3 percent while domestic traffic will post gains of 4.7 percent.

Intermodal volume in 2020 was story of sharp contrasts with traffic plunging early in the year as the COVID-19 pandemic took hold before bouncing back in the fall.

Among the assumptions that TTX is making for its 2021 projections are that government pandemic assistance will continue and that the economy will continue to recover from its pandemic-induced doldrums.

It also assumes that growth will continue in parcel shipments due to strong e-commerce which got a boost during the pandemic when retailers were forced to reduce operations and/or many customers became unwilling to shop in person.

John Woodcock, director of market development at TTX, said 2021 will not follow the traditional intermodal pattern of peaking between August and November. Instead, he said intermodal will see a more drawn out peak.

Another change this year will be shifting of more international business from West Coast ports to ports in the East and along the Gulf Coast.

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: