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NAFTA Freight Flows Slip in February

Friday, April 25, 2014
Sandler, Travis & Rosenberg Trade Report

Monthly freight flows between the U.S. and its NAFTA partners saw a small decline in February to $89.6 billion, according to statistics released April 24 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:

- slipped 0.9% from January;

- rose 1.3% from February 2013, including increases of 2.6% for truck and 0.1% for pipeline as well as decreases of 2.5% for rail, 0.3% for vessel (despite a 16.3% increase in exports) and 3.1% for air (including a 6.8% drop in imports); and

- was up 67.4% compared to February 2004, including increases of 56.1% for truck, 54.4% for rail, 133.6% for pipeline, 32.5% for air and 188.4% for vessel.

U.S.-Canada trade totaled $48.9 billion in February, down 0.8% from January and unchanged from the previous year. The value of freight carried increased year-on-year for truck (0.1%) and vessel (17.6%, including a 66.5% gain for exports) but fell for rail (8.5%), pipeline (1.1%) and air (3.7%).

U.S.-Mexico trade slowed to $40.7 billion in February, down 1.0% from January but up 2.8% from a year earlier. Compared to February 2013, the value of freight increased for truck (5.2%), rail (7.1%) and pipeline (25.5%, despite a 27.6% decline in imports) but decreased for vessel (7.9%, including 12.7% for imports) and air (2.0%, despite a 5.6% increase in exports).

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