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NAFTA Freight Flows See Small Gain After Three-Month Decline

Tuesday, December 02, 2014
Sandler, Travis & Rosenberg Trade Report

Monthly freight flows between the U.S. and its NAFTA partners reversed course in September, growing 1.6 percent to $102.2 billion, according to statistics released Nov. 25 by the Department of Transportation. The value of total U.S. trade with Canada and Mexico was also up from a year earlier, rising 8.2 percent, including increases of 8.6 percent for truck, 0.6 percent for rail, 21.0 percent for pipeline (including an 80.5 percent increase in exports), 5.4 percent for vessel (including a 15.0 percent gain in exports) and 2.2 percent for air.

U.S.-Canada trade totaled $57.4 billion in September, up 3.4 percent from August and 8.0 percent from the previous year. There were increases in the value of freight carried by each mode, including 6.0 percent for truck (largely due to an 11.8 percent rise in imports), 3.3 percent for rail, 19.2 percent for pipeline (including a 90.1 percent jump in exports), 0.2 percent for vessel (where a 29.7 percent rise in exports offset a 15.6 percent fall in imports) and 0.6 percent for air (despite a 2.3 percent loss in exports).

U.S.-Mexico trade totaled $44.9 billion, down 0.4 percent from August but up 8.6 percent from a year earlier. Compared to September 2013, the value of freight carried increased for truck (11.5 percent), pipeline (60.5 percent, including a 67.9 percent surge in exports and a 33.5 percent drop in imports), vessel (8.5 percent) and air (5.3 percent, where a 4.7 percent drop in imports was offset by a 15.3 percent gain in exports). The value of freight carried by rail fell 3.3 percent.

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