TAKEAWAYS
45 % 26 % of CEOs had
Anticipated Volume Growth Lifts Intermodal Outlook Total intermodal volumes fell 10.4% year-over-year in the second quarter of 2023, according to the Intermodal Association of North America (IANA). All segments showed declines: domestic containers, 6.3%; international containers, 13.2%; and trailers, 20.1%. “Slower year-over-year demand for goods and a competitive freight environment have taken its toll for a second quarter,” says Joni Casey, president and CEO of IANA. “On the other hand, the numbers suggest a later peak this year and an improved picture for the second half of 2023.” The seven highest-density trade corridors, which collectively handled more than 60% of total volume, were all down in the second quarter. Total intermodal marketing company volume fell 31.9% year-over-year in Q2, with intermodal traffic down 16.5% and highway loads down 39.7%. Second Quarter 2023 Intermodal Volume Comparisons
ACTIVELY EXPLORED the option to on or nearshore.
have ALREADY UNDERTAKEN on/nearshoring their parts of their supply chain.
CEOs SET SUPPLY CHAIN PRIORITIES A majority of CEOs are spending more time on supply chain issues, finds the 2023 Supply Chain Barometer from procurement and supply chain consultancy Proxima. The research also reveals that: • Supply chain issues remain a headache. More than half (52.6%) of CEOs say they expect to spend more time on supply chain issues in the coming 12 months. • Human rights issues are a key concern. More than two-thirds of CEOs (70.3%) say they are concerned about the potential for human or labor rights issues in their supply chain. • Global supply chains are being rewired. In last year’s Supply Chain Barometer, just over one- quarter (26%) of CEOs said they had actively looked at on- or nearshoring some or all of their supply chains. This year’s results find that 4 in 10 (44.6%) CEOs in the United States who have a resilience problem are already either onshoring or considering it as an option, and a similar ratio (39%) are looking seriously at nearshoring. • Progress is slow on decarbonization. The research shows that just over one-third of U.S. CEOs (34%) say they have a formal business plan for decarbonization, and 34% have begun strategic collaboration conversations with their suppliers.
5,000,000
-10.4%
4,000,000
3,000,000
-7.6%
-13.2%
-6.3%
2,000,000
-20.1%
1,000,000
0
Trailers
Domestic Carriers
All Domestic Equipment
ISO Containers
Total
2022
2023
Source: Intermodal Association of North America.
18 Inbound Logistics • August 2023
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