Total intermodal pricing (all-in intermodal costs) continued its strong upward trend, rising 10.9% YoY in October. On a nominal basis, the index rose to 147.3, an all-time record high and handily jumping above the previous all-time high of 143.2 established in March of this year. October marked the 25th consecutive month of increases, and brought the three-month moving average to 10.8%. "Tight truckload capacity and higher diesel prices continue to create incremental demand and pricing power for domestic intermodal," stated Donald Broughton, analyst and commentator for the Cass indexes. "Although it had been higher until recently, we continue to foresee oil trading in the $45 to $65 range and diesel in the $2.50 to $3.25 range."
