DOT: NAFTA freight dropped $8 billion in November

By Tyson Fisher, Land Line staff writer | Thursday, January 28, 2016

The U.S. Department of Transportation’s Bureau of Transportation Statistics reports that in November trucks moved more than 66 percent of all the international freight – with trains, planes, ships and pipelines picking up the rest.

The value of freight hauled across the borders decreased by nearly 9 percent when compared with October when freight went up nearly 4 percent from the previous month. All modes carried less freight when compared with November 2014.

Trucks were responsible for more than $58 billion of the $88.2 billion of imports and exports in November. Rail came in second with a contribution of more than $13 billion.

Vessel and pipeline freight when compared with last year contributed to the yearly decline in U.S.-NAFTA trade flow due to plummeting crude oil prices, according to BTS. Freight totaled $88.2 billion, down more than $8 billion from the previous month and down more than $8 billion from November 2014.

Pipeline freight experienced the steepest decline at nearly 43.2 percent, an improvement compared to October’s 52 percent decrease. Trucks experienced the lowest decline with a drop of only 0.4 percent. Across all modes, there was an 8.4 percent decrease when compared with the previous year.

More than 60 percent of U.S.-Canada freight was moved by trucks, followed by rail at 16.3 percent. U.S.-Mexico freight went down by 1.9 percent compared with November 2014. Of the $43 billion of freight moving in and out of Mexico, trucks carried more than 72 percent of the loads.

Year-to-date, NAFTA freight has been down every month in 2015.

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