Subscribe to our free, weekly email newsletter!


BTS reports November declines for U.S. transport with NAFTA trade partners

By Staff
January 29, 2016

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico fell 8.4 percent to $88.2 billion in November 2015, with all modes of transportation having a lower freight value compared to the same period in 2014.

Truck commodities in November fell 0.4 percent while carrying 66.2 percent of U.S.-NAFTA freight and accounted for $30.0 billion, or 64.1 percent of the $46.8 billion in recorded imports and $28.3 billion, or 68.5 percent, of the $41.3 billion recorded exports for the month.

Rail commodities were again the second highest in value by mode, moving 15.1 percent of all U.S.-NAFTA freight, with vessel next at 5.4 percent, pipeline at 4.2 percent and air at 3.8 percent, with truck, rail, and pipeline handling 85.5 percent of total U.S.-NAFTA freight flows.

The value of U.S.-Canada freight totaled $45.1 billion in November 2015, which was down 13.8 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 46.1 percent and 43.5 percent, respectively, annually.

The value of U.S.-Mexico freight came in at $43.0 billion in November, which was down 1.9 percent annually, with air and truck 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!

Recent Entries

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

As the July 1st date for complete compliance looms, shippers are seeking help to cope with the mandatory changes instituted by the International Maritime Organization (IMO) to the Safety of Life at Sea Convention (SOLAS).

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

Article Topics

News · NAFTA · BTS · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA