North American rails tout intermodal gains as truck-to-rail converts

Summary

Second-quarter rail results show intermodal as the fastest-growing segment: CSX intermodal volume rose 9%, Norfolk Southern intermodal revenue climbed 22% on 5% higher volume, and Union Pacific domestic intermodal grew ~19%. Analysts tie the shift to tightening truck capacity and an unusually wide truckload-intermodal rate spread.