Yearly value of NAFTA truck freight down first time in six years

| Monday, March 21, 2016

After several years of increasing numbers, NAFTA truck freight value for 2015 went down when compared with the previous year, according to the Bureau of Transportation Statistics, a subdivision of the U.S. Department of Transportation. This marks the first year-to-year decrease since 2009.

All five modes – truck, rail, pipeline, vessel and air – carried less freight by value last year. NAFTA freight for 2015 was valued at $1.1 trillion dollars, a loss of more than $86 billion from 2014, or a decrease of 7 percent.

Trucks experienced the smallest year-to-year decrease at 0.4 percent. Pipeline freight suffered the largest decrease at 39.4 percent. Significant decreases in the price of crude oil were a major factor in the declines of the dollar value, according to the report. Petroleum-related commodity values decreased by 40 percent in 2015. Comparatively, the value of other freight dropped by 0.9 percent.

More than 64 percent of NAFTA freight was hauled by trucks last year, a 2.2 percent increase from 2005. Rail carried the second most at 14.9 percent. Trucks carried 58.3 percent of Canadian freight and 70.9 percent of freight coming out of Mexico.

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