Thursday, April 26, 2018

Value of January NAFTA freight up 6.7% from 2016; largest increase since September 2014


Friday, March 24, 2017
by JACK WHITSETT

Trucks carried 56.8 percent of the value of the freight to and from Canada. Rail carried 16.1 percent followed by pipeline, 11.8 percent; air, 4.8 percent; and vessel, 4.1 percent. The surface transportation modes of truck, rail and pipeline carried 84.7 percent of the value of total U.S.-Canada freight. (©2017 FOTOSEARCH)
Trucks carried 56.8 percent of the value of the freight to and from Canada. Rail carried 16.1 percent followed by pipeline, 11.8 percent; air, 4.8 percent; and vessel, 4.1 percent. The surface transportation modes of truck, rail and pipeline carried 84.7 percent of the value of total U.S.-Canada freight. (©2017 FOTOSEARCH)

WASHINGTON — January U.S.-NAFTA freight totaled $88.0 billion as all five major transportation modes carried more freight by value with NAFTA partners Canada and Mexico in January compared to January 2016, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).

The 6.7 percent rise was the largest year-over-year increase since the September 2014 increase over September 2013. It was also the third straight month in which the year-over-year value of U.S.-NAFTA freight increased from the same month of the previous year.

The value of commodities moving by truck increased only 0.4 percent, the lowest increase among the transportation modes. Pipeline increased 42.7 percent, vessel by 41.8 percent, air by 13.7 percent and rail 5.5 percent, BTS reported. The large percentage increase in the value of goods moving by pipeline and vessel was largely due to a 66 percent increase in the year-over-year price of crude oil between January 2016 and January 2017.

Trucks carried 62.5 percent of U.S.-NAFTA freight and continued to be the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks accounted for $28.2 billion, or 59.1 percent, of the $47.8 billion of imports and $26.8 billion, or 66.6 percent, of the $40.2 billion of exports.

Rail remained the second largest mode by value, moving 15.0 percent of all U.S.-NAFTA freight, followed by vessel, 7.0 percent; pipeline, 6.4 percent; and air, 3.9 percent. The surface transportation modes of truck, rail and pipeline carried 84.0 percent of the total value of U.S.-NAFTA freight flows.

From January 2016 to January 2017, the value of U.S.-Canada freight increased by 7.1 percent to $45.0 billion. The value of freight carried on pipeline increased by 44.0 percent, air by 17.0 percent, vessel by 13.0 percent, rail by 8.5 percent and truck by 0.5 percent.

Trucks carried 56.8 percent of the value of the freight to and from Canada. Rail carried 16.1 percent followed by pipeline, 11.8 percent; air, 4.8 percent; and vessel, 4.1 percent. The surface transportation modes of truck, rail and pipeline carried 84.7 percent of the value of total U.S.-Canada freight.

The value of U.S.-Mexico freight increased by 6.3 percent to $43.0 billion as the value of freight on five major modes increased from a year earlier. The value of commodities moved by vessel increased by 58.9 percent, pipeline by 26.4 percent, air by 8.6 percent, rail by 2.1 percent, and truck by 0.3 percent

Trucks carried 68.6 percent of the value of the freight to and from Mexico. Rail carried 13.9 percent, followed by vessel, 10.1 percent; air, 3.0 percent; and pipeline, 0.8 percent. The surface transportation modes of truck, rail and pipeline carried 83.2 percent of the value of total U.S.-Mexico freight.

 

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

Find more news and analysis from The Trucker, and share your thoughts, on Facebook.

 

Video Sponsors