Tuesday, April 24, 2018

April NAFTA trade down 6.8 percent from 2014


Friday, June 26, 2015
Trucks involved in NAFTA-related trade accounted for $29.8 billion of the $49.1 billion of imports (60.8 percent) and $30.1 billion of the $44.3 billion of exports (67.9 percent).
Trucks involved in NAFTA-related trade accounted for $29.8 billion of the $49.1 billion of imports (60.8 percent) and $30.1 billion of the $44.3 billion of exports (67.9 percent).

WASHINGTON — U.S.-NAFTA freight totaled $93.3 billion in April 2015 as all modes except air carried less U.S.-NAFTA freight than in April 2014, according to the TransBorder Freight Data released Thursday by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).

Year-over-year, the value of U.S.-NAFTA freight flows by all modes decreased by 6.8 percent.

Large decreases in the value of NAFTA trade by pipeline and vessel in April were because of the reduced unit price of mineral fuel shipments.

In April 2015 compared to April 2014, the value of commodities moving by air grew by 3.0 percent.

Truck freight and rail freight both decreased by 0.9 percent. Vessel freight decreased by 22.8 percent and pipeline freight decreased by 44.9 percent mainly due to the lower unit price of mineral fuel shipments.

Trucks carried 64.2 percent of U.S.-NAFTA freight and are the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners.

Trucks accounted for $29.8 billion of the $49.1 billion of imports (60.8 percent) and $30.1 billion of the $44.3 billion of exports (67.9 percent).

Rail remained the second largest mode, moving 15.6 percent of all U.S.-NAFTA freight, followed by vessel, 6.5 percent; pipeline, 5.1 percent; and air, 4.1 percent. The surface transportation modes of truck, rail and pipeline carried 84.9 percent of the total U.S.-NAFTA freight flows.

U.S.-Canada freight totaled $48.8 billion in April 2015, down 12.5 percent from April 2014, as all modes of transportation carried a lower value of U.S.-Canada freight than a year earlier. Lower mineral fuel prices contributed to a year-over-year decrease in the value of rail freight, down 6.3 percent. Mineral fuels are a larger share of what is carried by vessel and pipeline which declined 3.6 percent, and 46.1 percent respectively. The weight of mineral fuels imported by vessel actually increased 45.3 percent, almost offsetting the large price decline of the commodity.

Trucks carried 58.0 percent of the $48.8 billion of freight to and from Canada, followed by rail, 16.9 percent; pipeline, 9.1 percent; vessel, 5.4 percent; and air, 4.5 percent. The surface transportation modes of truck, rail and pipeline carried 84.0 percent of the total

U.S.-Mexico freight totaled $44.5 billion in April 2015, up 0.3 percent from April 2014, as three out of five transportation modes – air, rail, and truck – carried more U.S.-Mexico freight than in April 2014. Year-over-year, the value of U.S.-Mexico air freight rose 17.2 percent, the largest percentage increase of any mode. Freight carried by rail increased by 7.2 percent and truck freight increased by 4.9 percent. Pipeline freight decreased by 20.8 percent and vessel freight decreased by 32.9 percent, mainly due to lower mineral fuel prices.

Trucks carried 70.9 percent of the $44.5 billion of freight to and from Mexico, followed by rail, 14.3 percent; vessel, 7.8 percent; air, 3.5 percent; and pipeline, 0.7 percent. The surface transportation modes of truck, rail and pipeline carried 85.9 percent of the total U.S.-Mexico freight flows.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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