US-NAFTA freight trade decreases 8.8 percent year-on-year

Wednesday, 25 November 2015 02:00:27 (GMT+3)   |  
       

The value of US-NAFTA freight totaled $93.2 billion in September 2015 as all modes of transportation carried less value of freight than a year earlier, according to the TransBorder Freight Data released Tuesday by the US Department of Transportation’s Bureau of Transportation Statistics (BTS). Year-over-year, the value of US-NAFTA freight flows by all modes decreased by 8.8 percent. Large decreases in the value of commodities moved by pipeline and vessel in September were due to the reduced unit price of mineral fuel.

In September 2015 compared to September 2014, the value of commodities moving by truck decreased by 0.1 percent, while air decreased by 4.0 percent and rail by 12.2 percent. Vessel freight values decreased 38.9 percent and pipeline freight decreased 41.8 percent mainly due to the lower unit price of mineral fuel.

Trucks carried 65.7 percent of US-NAFTA freight and are the most heavily utilized mode for moving goods to and from both US-NAFTA partners. Trucks accounted for $31.7 billion of the $50.5 billion of imports (62.8 percent) and $29.6 billion of the $42.7 billion of exports (69.2 percent).

Rail remained the second largest mode by value, moving 14.4 percent of all US-NAFTA freight, followed by vessel, 5.6 percent; pipeline, 5.1 percent; and air, 3.9 percent. The surface transportation modes of truck, rail and pipeline carried 85.2 percent of the total US-NAFTA freight flows.

The value of US-Canada freight totaled $48.3 billion in September 2015, down 15.8 percent from September 2014, as all modes of transportation carried less value of US-Canada freight than a year earlier.

The value of US-Mexico freight totaled $45.0 billion in September 2015, up 0.2 percent from September 2014, as two out of five transportation modes – rail and truck – carried more US-Mexico freight than in September 2014. Year-over-year, the value of US-Mexico truck freight rose 7.9 percent, the largest percentage increase of any mode.

Tags: North America 

Similar articles

US sanctions target Iran’s Khuzestan Steel after strikes on Israel

19 Apr | Steel News

Nippon Steel tries to allay concerns regarding US Steel acquisition

19 Apr | Steel News

ISRI rebrands as ReMA

18 Apr | Steel News

Mexican rebar consumption up 2.4 percent in February

18 Apr | Steel News

Consumption of steel plate in Mexico decreases 5.5 percent in February

18 Apr | Steel News

Simec joins Canacero, AHMSA not on list

18 Apr | Steel News

US domestic rebar prices trending firm

18 Apr | Longs and Billet

US scrap market shows signs of another sideways trend in May

18 Apr | Scrap & Raw Materials

US plate prices mostly steady on adequate supply

18 Apr | Flats and Slab

HRC consumption in Mexico up 20 percent in February

18 Apr | Steel News