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International Intermodal
Western Ports
International intermodal volume (20-foot and 40-foot containers) decreased in September. The total average daily volume headed eastbound from the Western Canada ports was down 15.6% in September compared to August. It is important to note that August had somewhat inflated intermodal volume as the railways worked to clear the backlog at the western ports from the dockworkers’ strike in July.
CPKC saw a steeper decline in volume, dropping 21% in September compared to a 16% drop for CN. Despite the decline in total volume, CPKC has increased its market share of intermodal from the western ports. Compared to earlier in the year when CPKC moved about one third of international intermodal containers from the western ports, CPKC moved 42% in September.
While intermodal train and total container volume dropped in September, CN showed a slight uptick in containers per train, carrying 5 more containers per train in September than in August (2.1% increase). CPKC intermodal trains carried the same number of containers per train in September.