Courtney Agencies Ltd. provides a weekly industry news update to its clients.
Please click here to receive this update by email.
October 05, 2017
NAFTA trade flows were up 6.5 percent in July
The value of cross-border freight exchanged by North American Free Trade Agreement (NAFTA) partners was up 6.5 percent in July 2017 compared to July 2016, reaching a total of $89.2 billion, according to the TransBorder Freight Data from the U.S. Bureau of Transportation Statistics (BTS).
It was the ninth consecutive month in which the year-over-year value in current dollars of U.S.-NAFTA freight increased from the same month of the previous year.
According to the BTS, trucks carried 63.2 percent of U.S.-NAFTA freight and continued to be the most utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks accounted for $28.9 billion of the $47.6 billion of imports (60.7 percent) and $27.5 billion of the $41.6 billion of exports (66.2 percent). Rail remained the second largest mode by value, moving 15.1 percent of all U.S.-NAFTA freight
From July 2016 to July 2017, the value of U.S.-Canada freight flows increased by 5.6 percent to $44.8 billion as the value of freight on four major modes increased from a year earlier. The value of freight carried on vessel increased by 29.7 percent, pipeline by 26.7 percent, rail by 4.7 percent, and truck by 2.5 percent. Air decreased by 1.3 percent.
Trucks carried 57.9 percent of the value of the freight to and from Canada. Rail carried 15.6 percent followed by pipeline, 10.6 percent; air, 4.6 percent; and vessel, 4.5 percent. The surface transportation modes of truck, rail and pipeline carried 84.1 percent of the value of total U.S.-Canada freight flows.
|Copyright 2006. All Rights Reserved.|