“Slower year-over-year demand for goods and a competitive freight environment have taken its toll for a second quarter,” said IANA President and CEO Joni Casey. “On the other hand, the numbers suggest a later peak this year and an improved picture for the second half of 2023.”
According to IANA, the seven highest-density trade corridors, which collectively handled more than 60% of total volume, were all down in second-quarter 2023. The Southeast-Southwest dropped 18.3%, followed by the South Central-Southwest at 13.8%. The Midwest-Southwest declined 12.9%; Trans-Canada, dropped 10.5%; and the Midwest-Northwest, down 9.1%. The Northeast-Midwest came in 7.6% lower, while the Intra-Southeast corridor posted losses of 7.1%.
Total IMC volume fell 31.9% year-over-year in second-quarter 2023, with intermodal traffic down 16.5% and highway loads down 39.7%.
