Price Trends: Rail
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In February 2010, average prices for intermodal rail freight services increased 0.3% from a month ago and 5.5% from February 2009. But compared to the same month two years ago, intermodal tags remain down 2.9%. These price changes mirror changes in U.S. rail intermodal traffic as reported by the Association of American Railroads. Carload tags, however, despite a one-month 0.3% price cut this past February, now stand 0.3% above price levels set two years ago. After a fuel-driven August 2008 cyclical price peak to a trough set in April 2009, price trends are now settling into more typical inflation patterns. Our forecast continues to call for rail transportation prices to increase 3.5% in 2010 and 2.1% in 2011.
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