Due to reduced value of certain shipments, November 2014 U.S.-NAFTA trade flow slowed down compared with previous months, according to the TransBorder Freight Data released by the Bureau of Transportation Statistics. Freight totaled $96.3 billion, the first time since February to dip below $100 billion.
Two of five modes experienced an increase in freight when compared with November 2013. Truck cargo had the highest growth at a rate of 1.4 percent. Pipeline freight also increased 1.1 percent. Air freight experiences the largest decline at 7.1 percent, largely due to a reduction in precious stones, aircraft parts and electrical machinery trade.
Trucks were responsible for $787 million of the $115 million net increase from November 2013, the largest increase and offsetting losses from other modes. Rail came in at a distant second with a $74 million increase. Trucks accounted for $29.9 billion of exports and $28.7 billion of imports.
U.S.-Canada freight that was moved by trucks decreased by 1.5 percent from last year, with vessel freights being the only mode to experience an increase. U.S.-Mexico freight went up by 4.3 percent. Of the $43.9 billion of freight moving in and out of Mexico, trucks carried 67.6 percent of the loads.
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