Total intermodal volumes dropped 11.9 percent year-over-year in the second quarter of 2020, according to the Intermodal Association of North America’s Intermodal Quarterly report. International shipments fell 15.4 percent from 2019, while domestic containers and trailers fell 7.0 percent and 14.0 percent, respectively.
“Second quarter results showed the full impact of the economic downturn attributed to COVID-19. Slowing imports and declining diesel prices affected both international and domestic volumes,” said Joni Casey, president and CEO of IANA. “We anticipate that the Q2 drop-off should be a floor going forward.”
Total IMC volume fell 8.5 percent year-over-year in Q2. Highway loads were down 4.0 percent, while intermodal was 15.2 percent to the negative.