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Last summer, the U.S. Department of Transportation reported that cross-border trade generated by NAFTA alone was worth $89 billion to the trucking industry. So are President Trump’s recent free trade actions a positive move for trucking? Or should American fleet executives be concerned?
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President Trump is already making good on campaign promises to end or seriously alter U.S. free trade agreements. But what are the pros and cons of these moves?
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The total value of U.S. freight moved between Canada and Mexico during August posted its first year-over-year increase since December 2014, according to new Transportation Department figures.
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A new Transportation Department report shows trucks carried more U.S. freight by value with its NAFTA partners, Canada and Mexico, in May compared to the year before. But declines in all other freight modes led to a 3.1% decrease in the dollar value of cross-border freight, totaling $89 billion.
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Trucks carried more U.S. freight by value between North American Free Trade Agreement partners Canada and Mexico in April 2016 compared to the same time a year ago, but declines in all other freight modes led to a 3.2% drop in the total current dollar value of cross-border freight.
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Fourteen years later, the Mexican cross-border trucking provisions of the North American Free Trade Agreement will finally be implemented.
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The week ending Oct. 25, rail intermodal traffic was up 6.7% compared with the same week last year -- higher growth than that of rail traffic overall.
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U.S. freight movements with Canada and Mexico saw imports increase 3.6% while exports gained 5.2% from a year earlier, according to the U.S. Transportation Department.
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Owner-operator and labor groups registered their objections to the decision this week by the Federal Motor Carrier Safety Administration to grant normal status to Mexican carriers that had been operating under a pilot program.
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A three-year pilot program testing the safety of cross-border trucking between the U.S. and Mexico is ending, and the Mexican truck lines that have been providing long-distance, cross-border service under that pilot program will move to normal operating status. HDT Washington Editor Oliver Patton has the details.
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