COVID-19 and the Rail Intermodal Volume Outlook (Jim Blaze; Railroad Economist)

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Will the increase in imported containers arriving at US ports increase the rail intermodal volume outlook?

 

A coming uptick in intermodal imported containers may indeed arrive at various US PORTS over the next few weeks into April. However, don’t get too optimistic about the possible related rail intermodal volume outlook towards July.
 

Here is why.

The Journal of Commerce (JOC) reports that international forwarders are currently reporting a wave of eastbound cancellations — or at least postponements of new import goods orders.
 
The supply chain long term orders decline reflects too much uncertainty in our largely consumer/service market in the United States.
 
Breaking news and analysis related to COVID-19 from JOC’s global editorial team can be found HERE
 
There are a number of JOC stories available to non-subscribers. — courtesy of JOC Executive Editor Mark Szakonyi