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NAFTA Freight Flows Fall in June

Thursday, August 29, 2013
Sandler, Travis & Rosenberg Trade Report

Monthly freight flows between the U.S. and its NAFTA partners fell again in June, according to statistics released Aug. 28 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:

- declined 5.2% from May, including decreases of 5.3% for truck, 1.2% for rail, 9.0% for pipeline (including a 26.9% drop for exports), 10.2% for vessel and 5.2% for air (despite a 3.5% gain for exports);

- was down 0.8% from June 2012, including decreases of 1.3% for truck, 2.6% for pipeline, 2.4% for vessel (despite a 13.0% increase for exports) and 3.5% for air and a 0.7% increase for rail; and

- was up 50.2% compared to June 2004, including 42.1% for truck, 57.2% for rail, 84.4% for pipeline, 32.3% for air and 87.9% for vessel.

Canada. U.S.-Canada trade totaled $52.7 billion in June, down 3.9% from May and 0.9% from the previous year. The value of freight carried fell for all modes, including 2.5% for truck, 2.4% for rail, 8.9% for pipeline (including a 36.9% decrease for exports), 17.7% for vessel, and 6.8% for air (where a 6.5% increase for exports was offset by a 23.5% decrease for imports). For the year ending in June the value of freight carried increased for vessel (18.9%, including a 60.8% increase for exports) and air (0.1%) but declined for truck (2.0%), rail (2.3%) and pipeline (4.4%).

Mexico. U.S.-Mexico trade slumped 6.8% in June to $40.8 billion and was down 0.5% from a year earlier. There was a monthly increase in the value of freight carried by rail (0.6%, despite a 7.9% drop in exports) but decreases for truck (8.2%), pipeline (11.5%), vessel (4.9%, despite an 11.5% increase for exports), and 2.1% for air. For the year ending in June there were gains in the value of freight carried by rail (5.6%) and pipeline (41.2%, where a 49.1% increase in exports offset a 23.9% decrease in imports) but decreases for truck (0.6%, despite a 3.0% increase in exports), vessel (11.9%) and air (9.4%).

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