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NAFTA Freight Flows Falter in June

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

Monthly freight flows between the U.S. and its NAFTA partners slipped 0.9 percent in June to $103.0 billion, according to statistics released Aug. 28 by the Department of Transportation. However, these data show that the value of total U.S. trade with Canada and Mexico rose 10.2 percent from June 2013, including increases of 7.8 percent for truck, 4.5 percent for rail (including an 11.9 percent rise in exports), 35.2 percent for pipeline (including a 94.6 percent gain for exports), 19.3 percent for vessel (including a 22.5 percent gain in exports) and 6.5 percent for air (including a 10.3 percent rise in exports).

U.S.-Canada trade totaled $57.9 billion in June, up 0.3 percent from May and 9.9 percent from the previous year. The value of freight carried increased year-on-year for truck (5.3 percent, including a 9.5 percent increase in imports), rail (1.4 percent, where a 9.2 percent rise in exports offset a 2.2 percent loss in imports), pipeline (35.1 percent, including a 142.7 percent jump in exports), and air (9.5 percent, including a 16.5 percent gain in imports).

U.S.-Mexico trade totaled $45.1 billion, down 2.6 percent from May but up 10.5 percent from a year earlier. Compared to June 2013, the value of freight increased for truck (10.6 percent), rail (9.2 percent), pipeline (36.9 percent, where a 39.9 percent increase in exports offset a 12.4 percent drop in imports), vessel (16.2 percent, including a 22.9 percent rise in imports), and air (1.2 percent, where a 22.2 percent rise in exports offset an 18.3 percent fall in imports).

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