From July 2015 to July 2016, the value of U.S.-Canada freight flows fell 10.7% to $42.4 billion as all modes of transportation carried a lower value of U.S.-Canada freight than a year earlier, according to new U.S. Transportation Department figures.<\/p>\n
The total value of truck freight moved between the two countries fell 7.2%. The value of truck imports fell 5% and exports fell 9%.<\/p>\n
Lower crude oil prices contributed to the decline in the value of freight moved between the U.S. and Canada. Crude oil is a large share of freight carried by pipeline and vessel, which fell 28% and 37.1%, respectively, year-over-year.<\/p>\n
In July 2016, the top commodity category transported between the U.S. and Canada by all modes was vehicles and parts, of which $4.1 billion, or 57.2%, moved by truck and $2.9 billion, or 40.2%, moved by rail.<\/p>\n
Trucks carried 59.7% of the value of the freight to and from Canada. Rail carried 15.7% followed by pipeline, 8.8%; air, 5%; and vessel, 3.7%. The surface transportation modes of truck, rail and pipeline carried 84.3% of the value of total U.S.-Canada freight flows.<\/p>\n
Overall, across all three NAFTA nations, the $83.7 billion in July 2016 cross-border freight is the lowest monthly amount since February 2011, which had $76.7 billion in cross-border freight.<\/p>\n
July also marks 19th consecutive month that the total value of U.S. freight with NAFTA partners Canada and Mexico declined from the same month of the previous year.<\/p>\n
Overall, the value of commodities moving by truck fell by 8.8% as rail increased 0.9%. Also falling is air freight by 6.4%, vessel by 25.1% and pipeline by 26.9%. Truck freight imports fell by 7.3% while exports declined by a larger 10.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"
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