Newly released figures show the value of freight moved between the U.S. and its North American Free Trade Agreement neighbors totaled $96.1 billion in March, a 5.3% decline from a year ago, but three out of five transportation modes carried more cross-border cargo.
by Staff
May 28, 2015
Percent change in value of U.S.-NAFTA freight flows by mode, March 2014 - 2015.Graphic: U.S. DOT
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Percent change in value of U.S.-NAFTA freight flows by mode, March 2014 - 2015. Graphic: U.S. DOT
Newly released figures show the value of freight moved between the U.S. and its North American Free Trade Agreement neighbors totaled $96.1 billion in March, a 5.3% decline from a year ago, but three out of five transportation modes carried more cross-border cargo.
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The decline in value, according to the U.S. Transportation Department, was due to the reduced unit price of mineral fuel shipments.
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In March 2015 compared to March 2014, the value of commodities moving by air grew by the largest percentage of any mode, 6%. Rail freight increased by 1.5% and truck freight increased by 0.9% Vessel freight and pipeline freight each posted double-digit declines.
Trucks carried 64% of U.S.-NAFTA freight and were the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners.
Trucks accounted for $30.6 billion of the $51.2 billion of imports, 59.8%, and $30.9 billion of the $44.9 billion of exports, 68.9%. Rail remained the second largest mode, moving 15.8% of all U.S.-NAFTA freight.
The surface transportation modes of truck, rail and pipeline carried 84.9% of the total U.S.-NAFTA freight flows.
U.S.-Canada Freight
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U.S.-Canada freight totaled $50.8 billion in March, down 2.9% from a year earlier. A drop in bidirectional trade of vehicles and parts contributed to a 3.4% decline in U.S.-Canada truck freight over the same time period.
In March, the top commodity category transported between the U.S. and Canada was vehicles and parts, of which $5.4 billion, or 59.2% moved by truck. Mineral fuels had been the top commodity by value moved between the U.S. and Canada for 29 consecutive months. This change is due, in large part, to a decline in the unit price of mineral fuels in recent months, according to the U.S. DOT.
Trucks carried 58.4% of the $50.8 billion of freight to and from Canada, followed by rail at 16.7%.
The surface transportation modes of truck, rail and pipeline carried 84.1% of the total U.S.-Canada freight flows
U.S.-Mexico Freight
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U.S.-Mexico freight totaled $45.2 billion in March as three out of five transportation modes (air, rail, and truck) carried more U.S.-Mexico freight than in March 2014. Freight carried truck freight increased by 5.3%
Trucks carried 70.3% of the $45.2 billion of freight to and from Mexico, followed by rail at 14.9%.
The surface transportation modes of truck, rail and pipeline carried 85.9% of the total U.S.-Mexico freight flows
The top commodity category transported between the U.S. and Mexico in March 2015 was vehicles and parts, of which $4.2 billion, or 48.9%, moved by truck and $3.8 billion, or 45.1%, moved by rail.
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