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Lower Oil Prices Push Down Cross-Border Freight

Large declines in the value of oil and other petroleum-related products during 2015 was reflected in a lower value of cross-border freight movements between the U.S. and its neighbors, according to new Transportation Department figures.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
February 26, 2016
Lower Oil Prices Push Down Cross-Border Freight

Percent change in value of U.S.-NAFTA freight flows by mode: December 2014 - 2015. Graphic: U.S. DOT

2 min to read


Percent change in value of U.S.-NAFTA freight flows by mode: December 2014 - 2015. Graphic: U.S. DOT

Large declines in the value of oil and other petroleum-related products during 2015 was reflected in a lower value of cross-border freight movements between the U.S. and its neighbors, according to new Transportation Department figures. The data shows the value of freight flows fell 7.2% in 2015 compared to a year earlier.

That follows a 4.5% improvement in 2014 from 2013.

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This happened as the value of freight moved between the U.S. with Canada and Mexico via truck, rail, air, vessel and pipeline fell 9.5% in December from a year earlier, the third largest year-over-year drop of 2015.

In December, compared to a year earlier, the value of commodities moving by truck decreased by 3.1% while the value of air freight decreased by 3.5% and rail by 9.3%. Vessel freight and pipeline freight fell by 29.9% and 47.4%, respectively.

Trucks carried 63.4% of so-called U.S.-NAFTA (North American Free Trade Agreement) freight and continued to be the most heavily used mode for moving goods to and from both U.S.-NAFTA partners. Trucks accounted for $28 billion of the $46.8 billion of imports, or 60%, and $26.9 billion of the $40 billion of exports, or 67.3%.

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The value of U.S.-Canada freight totaled $45 billion in December 2015, down 15.2% from a year earlier.

Trucks moved 57.3% of the $45 billion of freight to and from Canada, followed by rail at 15.9%. The top commodity category transported between the U.S. and Canada by all modes was vehicles and parts, of which $4.9 billion, or 56.7%, moved by truck

U.S.-Mexico freight flows totaled $41.7 billion in December 2015, down 2.4% from December 2014, as air and trucks carried more U.S.-Mexico freight value than in December 2014. Freight carried by truck increased by 1.3%, led by shipments of electrical machinery, which were up 7.4%. 

Trucks moved 70% of the $41.7 billion of the value of freight transported to and from Mexico, followed by rail at 14.3%.

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