FreightWaves SONAR: Soft Truck Volume and Pricing Data Highlight an Intermodal Challenge
Written by Mike Baudendistel, FreightWaves Market ExpertThroughout last year and year-to-date, the Class I railroads and the truckload-based intermodal companies have highlighted the soft truckload market as one of the major reasons for a lack of intermodal volume growth. The depth of the truckload weakness and how it may be changing can be illustrated from data provided by the FreightWaves SONAR software platform.
![“Thanks to Secretary Pete [Buttigieg], USDOT, the Federal Railroad Administration and all our partners for making the S-Line passenger rail a reality!!” NCDOT Secretary Joey Hopkins said in a July 1 LinkedIn post. “Thanks to the hard work of our NCDOT team we broke ground on the first construction project in the Raleigh to Wake Forest segment, a $19M project to grade separate Durant Road 7 months after the grant announcement!!” (Photograph Courtesy of Joey Hopkins)](https://www.railwayage.com/wp-content/uploads/2024/07/slinelead-315x168.png)