The total value of U.S. freight moved between Canada and Mexico during August posted its first year-over-year increase since December 2014, according to new Transportation Department figures.<\/p>\n
The resulting 0.7% increase from August 2015 also came as just two transportation modes, truck and air, carried more cross-border freight by value.<\/p>\n
The value of commodities moving by truck and air increased 3.4% and 4.9%, respectively, while the value of freight carried by rail fell 0.3%. Pipeline declined 4.5% and vessel dropped 12.5%. The overall value totaled $93.1 billion.<\/p>\n
Trucks carried 65.3% of the freight moved with North American Free Trade Agreement (NAFTA) partners Canada and Mexico. Trucking accounted for $31.2 billion of the $49.7 billion of imports, or 62.8%, and $29.6 billion of the $43.4 billion of exports, 68.3%.<\/p>\n
For Canada-US freight trade specifically, <\/strong>air, rail, and truck carried a higher value than a year earlier. However, the total value of U.S.-Canada freight fell to $47.3 billion, down 1.4% from a year earlier, due to decreases in the value of goods moved by vessel and pipeline.<\/p>\n The top commodity category transported between the U.S. and Canada by all modes was vehicles and parts, of which $5.2 billion, or 55.1%, moved by truck and $4 billion, or 42.5%, moved by rail.<\/p>\n Trucks carried 59.6% of the value of the freight to and from Canada. Rail carried 16.5%, followed by pipeline, 9%; air, 4.7%; and vessel, 3.8%.<\/p>\n","protected":false},"excerpt":{"rendered":" The total value of U.S. freight moved between Canada and Mexico during August posted its first year-over-year increase since December 2014, according to new Transportation Department figures. 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