NAFTA Freight Flows Hit Monthly Record in October
Monthly freight flows between the U.S. and its NAFTA partners increased again in October, to a record $103.1 billion, according to statistics released Jan. 7 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 :
- climbed 9.2% from September 2013;
- grew 4.5% from October 2012, including increases of 3.1% for truck (which carried 59.5% of U.S.-NAFTA trade), 7.1% for rail and 23.7% for pipeline (including a 34.8% rise in exports) as well as decreases of 3.6% for vessel (including a 7.6% drop in exports) and 1.0% for air; and
- was up 60.0% compared to October 2004, including 51.0% for truck, 62.5% for rail, 135.1% for pipeline, 43.0% for air and 88.9% for vessel.
In addition, total surface transportation trade (truck, rail and pipeline) hit an all-time high of $85.4 billion in October, with shipments by truck ($61.4 billion) and rail ($15.9 billion) reaching record monthly levels as well.
Canada. U.S.-Canada trade totaled $56.7 in October, up 6.8% from September and 6.2% from the previous year. The value of freight carried increased year-on-year for all modes, including 0.7% for truck, 4.6% for rail, 26.7% for pipeline (including an 82.0% jump in exports), 40.2% for vessel and 1.4% in air (where a 14.1% increase in imports offset a 6.1% fall in exports).
Mexico. U.S.-Mexico trade increased to $46.4 billion in October, up 12.3% from September and 2.5% from a year earlier. Compared to October 2012 the value of freight increased for truck (5.6%) and rail (10.9%, including a 15.5% gain for imports) but declined for pipeline (21.6%), vessel (18.8%) and air (5.2%, despite a 9.4% rise in exports).