Commerce report from March: First month-to-month increase since October

| 5/29/2015

The U.S. Department of Commerce reports that in March trucks moved more than 60 percent of all the international freight, with trains, planes, ships and pipelines picking up the rest. 

Freight totaled $96.1 billion, the first increase when compared to the previous month since last October and the largest total since last November, according to the TransBorder Freight Data released by the Bureau of Transportation Statistics. Freight flows are down 5.3 percent when compared with March 2014.

Three of five modes experienced an increase in commodity value when compared with March 2014. Air freight had the highest growth at a rate of 6 percent. Rail increased by 1.5 percent and truck cargo increased 0.9 percent. Pipeline and vessel freight decreased by 41.6 and 30.3 percent, respectively, leading to the net value loss compared with a year ago.

Trucks were responsible for $61.5 billion of the $85.7 billion of imports and exports in March. Rail came in at second with a contribution of more than $14 billion.

More than 58 percent of U.S.-Canada freight was moved by trucks, followed by rail at 16.7 percent. U.S.-Mexico freight went up by 15.7 percent compared with March 2014. Of the $45.2 billion of freight moving in and out of Mexico, trucks carried more than 70 percent of the loads.

Copyright © OOIDA