US PPI — Line-Haul Railroads, Intermodal Freight Rail Transportation
Producer Price Index for intermodal freight rail transportation.
211.766+0.1% m/m+2.6% y/y+8.5% 5y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest211.766+8.5%since Sep 2021
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Month
Value
Change m/m
Sep 2026
+0.1%
Aug 2026
+0.2%
Jul 2026
−0.7%
Jun 2026
−0.0%
May 2026
+1.5%
Apr 2026
+1.9%
Mar 2026
+0.4%
Feb 2026
−0.1%
Jan 2026
−1.3%
Dec 2025
+1.0%
Nov 2025
+0.2%
Oct 2025
−0.5%
Sep 2025
+0.4%
Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.
How it's built
Intermodal rail rose 2.6% over the last 12 months, but all of its main inputs rose faster: no. 2 diesel fuel +115.2%. That cost pressure may still pass through to prices.
From Jan 2017 to Sep 2026 the index went from 150.3 to 211.8, a change of +40.9%.
Highest reading in that period: 235.6 in Jul 2022. Lowest: 149.7 in Jul 2017.
Largest one-month rise: +8.1% in Apr 2022. Largest one-month fall: -5.0% in Feb 2024.
The year-over-year change stayed within 10% either way in each of the last 36 months, so a 10% annual cap or floor would not have been reached.
Use it in a contract
Draft clause citing this series
A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.
The [affected portion] of the Contract Price shall be adjusted using US PPI — Line-Haul Railroads, Intermodal Freight Rail Transportation (BLS series PCU482111482111412), published by BLS.
Base Period: the index value published for September 2026 (or the month of contract signing, if different) is the Base Value.
Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value.
Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement.
[Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]
A named cut of the line-haul railroad series specific to container and trailer-on-rail movement, the right choice for an intermodal logistics contract rather than the broader rail series.
Match the trucking PPI to the actual move. Local drayage uses PCU484110484110, long-distance full truckload uses PCU484121484121, less-than-truckload uses PCU484122484122. Add a diesel fuel index for the surcharge, since fuel and linehaul rates move on different schedules.
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