NAFTA Freight Flows Down Again in July
Monthly freight flows between the U.S. and its NAFTA partners were down again in July, according to statistics released Sept. 27 by the Department of Transportation. These statistics show that the value of total U.S. trade with Canada and Mexico by all modes of transportation:
- edged down 0.3% from June to $93.2 billion;
- rose 6.3% from July 2012, including increases of 5.3% for truck, 4.5% for rail, 25.0% for pipeline (including a 71.4% increase for exports) and 6.5% for air and a 0.3% decrease for vessel; and
- was up 71.7% compared to July 2004, including 61.0% for truck, 84.8% for rail, 125.9% for pipeline, 38.8% for air and 136.7% for vessel.
Canada. U.S.-Canada trade totaled $49.9 billion, down 5.3% from June but up 4.9% from the previous year. The value of freight carried increased year-on-year for truck (2.9%), rail (0.7%), pipeline (24.2%, including an 83.4% increase for exports) and air (9.0%) but fell for vessel (0.2%, where a 21.7% increase in exports was offset by an 8.2% decline in imports).
Mexico. U.S.-Mexico trade rebounded 5.9% in July to $43.2 billion and was up 7.9% from a year earlier. Compared to a year earlier the value of freight increased for truck (7.7%, including an 11.1% increase in exports), rail (10.1%), pipeline (43.8%, including a 45.8% increase in exports) and air (2.5%, where a 17.4% increase in exports offset an 11.1% decrease in imports) but fell 0.3% for vessel, despite a 12.2% gain in exports.