NAFTA Freight Flows Up Again in May
Monthly freight flows between the U.S. and its NAFTA partners rebounded in May, up 3.8 percent to $103.9 billion, according to statistics released July 24 by the Department of Transportation. These data show that the value of total U.S. trade with Canada and Mexico rose 5.4 percent from May 2013, including increases of 3.8 percent for truck, 6.2 percent for rail, 23.1 percent for pipeline (including a 48.5 percent gain for exports) and 6.7 percent for vessel (where a 25.6 percent increase in exports offset a 4.1 percent drop in imports) and a 7.9 percent decline for air (including a 20.2 percent drop for imports).
U.S.-Canada trade totaled $57.7 billion in May, up 3.4 percent from April and 5.2 percent from the previous year. The value of freight carried increased year-on-year for truck (2.7 percent), rail (4.5 percent) and pipeline (24.1 percent, including a 72.4 percent jump in exports) but fell for vessel (7.7 percent) and air (9.8 percent, including a 23.6 percent drop in imports).
U.S.-Mexico trade totaled $46.3 billion, up 4.3 percent from April and 5.7 percent from a year earlier. Compared to May 2013, the value of freight increased for truck (4.9 percent), rail (8.7 percent), pipeline (8.1 percent, despite a 22.0 percent decline in imports) and vessel (16.9 percent, including a 52.5 percent gain in exports) but decreased for air (4.2 percent, despite a 6.9 percent increase in exports).