News
Print PDF

NAFTA Freight Flow Values Plummet in January as Oil Prices Fall

Wednesday, April 01, 2015
Sandler, Travis & Rosenberg Trade Report

The value of monthly freight flows between the U.S. and its NAFTA partners tumbled 6.8 percent from December to January to $89.3 billion, according to statistics released March 31 by the Department of Transportation. The value of total U.S. trade with Canada and Mexico was also down 1.1 percent from January 2014. Three out of five modes carried more freight by value in January than a year before, but the values of trade by pipeline and vessel were both down sharply due to the reduced unit price of mineral fuel shipments.

Percentage changes in the value of monthly U.S. freight flows by mode of transportation from January 2014 to January 2015 include the following.

Total

Canada

Mexico

Imports

Exports

Imports

Exports

Imports

Exports

Truck

+6.7

+0.8

+5.5

+0.8

+7.6

+0.7

Rail

+4.2

+6.0

+1.8

+1.8

+8.7

+10.3

Vessel

-28.4

-12.4

-16.8

-21.7

-35.2

-5.6

Pipeline

-25.2

-5.1

-25.2

+4.3

-27.3

-22.9

Air

+2.6

+0.4

+6.0

+1.7

-3.2

-2.1

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines