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NAFTA Freight Flows Surge As Members Prepare for Renegotiation

Thursday, May 25, 2017
Sandler, Travis & Rosenberg Trade Report

The value of monthly freight flows between the U.S. and its NAFTA partners totaled $100.3 billion in March, up 15.6 percent from February and 10.9 percent from a year earlier, according to Department of Transportation statistics. The year-on-year increase was the fifth straight month of such gains after more than a year of losses and the first double-digit increase in nearly three years.

The value of total U.S. trade with Canada jumped 15.3 percent from February to March to $51.2 billion and was up 10.4 percent from a year earlier. The value of U.S. trade with Mexico surged by 16.6 percent to $49.1 billion and rose 11.3 percent from March 2016.

Vehicles and parts retained their position as the top commodity category for all modes transported between the U.S. and Canada and between the U.S. and Mexico.

Percentage changes in the value of monthly U.S. freight flows with Canada and Mexico by mode of transportation from March 2016 to March 2017 are as follows.

 

Total

Canada

Mexico

 

Imports

Exports

Imports

Exports

Imports

Exports

Truck

+4.0

+6.2

+1.7

+5.8

+5.5

+6.7

Rail

+15.0

+8.1

+4.4

+6.5

+29.2

+10.0

Vessel

+60.6

+38.5

+42.8

+43.2

+72.1

+12.9

Air

+9.5

+16.3

+10.3

+7.1

+8.2

+33.7

Pipeline

+95.2

+38.5

+95.9

+50.2

-4.3

+9.9

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