U.S. DOT: NAFTA freight down every month in 2015

By Tyson Fisher, Land Line staff writer | 2/26/2016

The U.S. Department of Transportation’s Bureau of Transportation Statistics reports that in December trucks moved more than 63 percent of all the international freight – with trains, planes, ships and pipelines picking up the rest. Freight movement was down in all modes, but trucking showed the least decline.

The value of freight hauled across the borders decreased by nearly 2 percent when compared with November when freight went down nearly 9 percent from the previous month. All modes carried less freight when compared with December 2014.

NAFTA freight was down every month in 2015.

Trucks were responsible for nearly $55 billion of the $86.7 billion of imports and exports in December. 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 $86.7 billion, down more than $1 billion from the previous month and down more than $9 billion from December 2014.

Pipeline freight experienced the steepest decline at nearly 47.4 percent, a steeper drop than November’s 43 percent decrease. Trucks experienced the smallest decline with a drop of only 3.1 percent. Across all modes, there was a 1.6 percent decrease when compared with the previous year.

Nearly 60 percent of U.S.-Canada freight was moved by trucks, followed by rail at 15.9 percent. U.S.-Mexico freight went down by 2.4 percent compared with December 2014. Of the $41.7 billion of freight moving in and out of Mexico, trucks carried 70 percent of the loads.

Sign up for eNews here and get all of Land Line’s headlines, features and special reports delivered to your inbox on a daily basis, absolutely free. All it takes is an email address.

Copyright © OOIDA