US-NAFTA freight value rises 10.5 percent in November

Friday, 26 January 2018 19:33:55 (GMT+3)   |   San Diego
       

US-NAFTA freight totaled $100.6 billion in November as all five major transportation modes carried more freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in November 2017 compared to November 2016, according to the TransBorder Freight Data released today by the US Department of Transportation’s Bureau of Transportation Statistics (BTS).

The 10.5 percent rise from November 2016 is the 13th consecutive month in which the year-over-year value in current dollars of US-NAFTA freight increased from the same month of the previous year.

The value of commodities moving by vessel increased 46.0 percent, air by 11.4 percent, pipeline by 11.0 percent, truck by 8.1 percent, and rail by 4.4 percent. The large percentage increase in the value of goods moving by vessel is due in part to a 24.0 percent year-over-year crude oil price increase and a 24.6 percent increase in the tonnage of mineral fuels traded.

Trucks carried 63.1 percent of US-NAFTA freight and continued to be the most utilized mode for moving goods to and from both US-NAFTA partners. Trucks accounted for $32.8 billion of the $53.8 billion of imports (61.1 percent) and $30.6 billion of the $46.8 billion of exports (65.4 percent).

Rail remained the second largest mode by value, moving 14.5 percent of all US-NAFTA freight, followed by vessel, 7.8 percent; pipeline, 5.4 percent; and air, 3.9 percent. The surface transportation modes of truck, rail and pipeline carried 82.9 percent of the total value of US-NAFTA freight flows.

Comparing November 2016 to November 2017, the value of US-Canada freight flows increased by 11.2 percent to $51.3 billion as the value of freight on all five major modes increased from a year earlier. In November 2017, the top commodity category transported between the US and Canada was vehicles and parts, of which $5.5 billion, or 57.5 percent, moved by truck and $3.8 billion, or 39.6 percent by rail.

Comparing November 2016 to November 2017, the value of US-Mexico freight flows increased by 9.7 percent to $49.3 billion as the value of freight on four major modes increased from a year earlier. The top commodity category transported between the US and Mexico in November 2017 was electrical machinery, of which $8.6 billion, or 91.4 percent, moved by truck and $475 million, or 5.0 percent, moved by air.


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