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Present situation could shape future outcomes for intermodal All stakeholders need to take steps to regain shipper confidence

The present congestion and service-plagued status for intermodal could have consequences over the longer term for all stakeholders in the chain, as retailers look for alternatives to avoid empty shelves heading into the holiday season. The fact that railroads are metering capacity to limit congestion at inland facilities and ports

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November 2021 – Intermodal Review

· The outlook dimmed again this month as it appears volumes will hold at present levels through the end of the year. There is demand to move more goods via intermodal, but congestion and metering by the carriers are limiting how high volumes can go. The existing thinking is that

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November 2021 – Ports Review

North America Latest Import Statistics (Current Month) · Port activity slowed at nearly every major port complex sequentially despite strong demand from ships waiting off the coast of most port complexes. · It is possible that sequential upticks start to be seen as railroads and ports try to encourage shippers

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November 2021 – Train Speed Review

Intermodal service, as measured by velocity, increased in recent weeks, but that improvement was in line with typical seasonal gains that occur during this time of the year. Velocity has already started to give back some of those gains, again in line with the typical pattern that occurs each year

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November 2021 – AAR Review

· Overview: Overall intermodal loadings have not moved much in recent weeks as volumes are essentially capped by carriers at present levels to avoid congestion. · United States: U.S. loadings have held close to the North American cadence as several carriers have announced initiatives to limit volumes from creating

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November 2021 – Intermodal Review

Intermodal Revenue Moves · Total: Absolute volumes are significantly weaker compared with last year and the month prior in September, as intermodal struggles to handle the volumes available to it. Import levels and active truck utilization remain strong. · International: International has fallen off roughly 6% compared with either last month

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November 2021 – Executive Overview

· Overview: Sequentially and year-over-year, domestic and international volumes declined in September as throughput remains constrained despite strong demand.  · International: International volumes took a sharper sequential decline than their domestic counterparts as pressure is being applied to keep international equipment as close to the ports as possible. 

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The top two issues facing intermodal. Service and mergers are top of mind.

It may seem like a broken record, but service issues remain top of mind for intermodal shippers as weekly volumes remain capped at around 360,000. Despite intermodal having a competitive advantage over the last year relative to the domestic truckload market as measured by FTR’s Intermodal Competitive Index, volumes remain

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October 2021 – Intermodal Outlook

· The expectation for a normal peak season evaporated this month, and the focus is now on a peak plateau at current volume levels. · Given the erosion of a peak season uptick in volumes, expectations for intermodal loadings came down across the board this month, in line closer to

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October 2021 – Ports Review

North America Latest Import Statistics (Current Month) · Import volumes kept up their torrid pace of the last few months in August, increasing 6.6% compared with last year and 3.5% sequentially. · The only port complex that did not have sequential gains were the Pacific Northwest ports, but volumes were still 3% stronger

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