When Celtic International President Doug Punzel looks back at the intermodal marketing company’s volumes in mid-June, he sees Celtic beating last year’s levels for the same week. Intermodal volume reported by the country’s major railroads, meanwhile, is slowly climbing out of the double-digit year-over-year decreases that hit the industry during the first quarter of the year.

Both trends are reasons for Punzel to believe the intermodal market is in a relatively good position for the second half of 2020.

“Forecasters are saying that for the balance of this year, intermodal won’t get back to last year’s levels, let alone 2018 levels,” Punzel told Mike Baudendistel, FreightWaves’ market expert for rail and intermodal, during a fireside chat at FreightWaves 3PL Summit

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