BTS reports decline in U.S.-NAFTA trade for January

The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 7.7 percent on an annual basis in January to $82.4 billion.

By ·

The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 7.7 percent on an annual basis in January to $82.4 billion.

Truck commodities in December fell 1.5 percent while carrying 66.5 percent of U.S.-NAFTA freight and accounted for $28.0 billion, or 63.7 percent of the $44.6 billion in recorded imports and $26.4 billion, or 69.7 percent, of the $37.9 billion recorded exports.

Rail commodities were again the second highest in value by mode, moving 15.2 percent of all U.S.-NAFTA freight, with vessel next at 5.3 percent, pipeline at 4.8 percent and air at 3.7 percent, with truck, rail, and pipeline handling 86.4 percent of total U.S.-NAFTA freight flows.

The value of U.S.-Canada freight totaled $42.0 billion in January, which was down 12.7 percent annually as all modes of transportation carried a lower value of U.S.-Canada freight annually. BTS said lower crude oil prices were a factor in the decrease, with crude oil moved by vessel and pipeline down 42.5 percent and 34.2 percent, respectively, annually.

The value of U.S.-Mexico freight came in at $40.5 billion in December, which was down 1.8 percent annually, with air, truck, and rail carrying more U.S.-Mexico freight value annually.


Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

BTS · NAFTA · All Topics
Latest Whitepaper
The View from the New “Single Window”
The single window, officially known as the "International Trade Data System," operates via the Customs and Border Protection (CBP) agency's Automated Commercial Environment (ACE) platform, and serves as a single point of contact for all trade filings.
Download Today!
From the March 2017 Issue
WMS vendors are stepping up to the plate and developing functionalities and solutions that meet the complex needs of today’s companies. Our top analysts take a peek into these developments and discuss the DC of the future and the software that will support it.
5 Supply Chain Trends Happening Now
2017 Warehouse/DC Equipment Survey: Investment up as service pressures rise
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Trucking Regulations & Infrastructure Update
In this session our panel brings shippers up to date on the state of transportation regulations. Discussion will revolve around regulatory reform, aspects of the federal highway bill and what the transportation landscape looks like in the early days of the Trump administration.
Register Today!
EDITORS' PICKS
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...

2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...