IDS Transportation Services and the Journal of Commerce Form Partnership to Expand Coverage of Intermodal Pricing
Jan 09, 2013 (Close-Up Media via COMTEX) --
IDS Transportation Services will begin providing weekly spot rates on heavy volume 53' door-to-door domestic intermodal lanes, along with market commentary to the Journal of Commerce (JOC) for use in its expanding coverage of the North American intermodal market.
According to a release, with the continued growth of domestic intermodal, the JOC is expanding coverage of the intermodal market and the supply chains and logistics strategies it supports. The JOC will initially use the spot rates provided by IDS to publish a weekly article on JOC.com analyzing the latest pricing developments and trends.
According to Rick LaGore, Executive Vice President of IDS Transportation Services, shippers who are using or considering domestic intermodal as a lower-cost alternative to trucking currently have few avenues for information to follow the intermodal market. "IDS works in many different markets and with all the major railroads, which gives us a broad perspective on the market and the emerging trends," said LaGore. "We look forward to the partnership with the JOC to help report on intermodal pricing trends to assist shippers to better evaluate their trucking and/or intermodal decisions."
Peter Tirschwell, Senior Vice President for Strategy for the JOC, said, "Based on the growth and importance of domestic intermodal, the JOC aims to provide readers with a reliable and consistent source of market information and trend analysis. Increasingly shippers are turning to intermodal to lower costs while maintaining reliability and flexibility in their supply chains. In light of this, we are pleased to work with IDS to offer a regular, deeper look into the intermodal market."
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