April 2016 North American freight numbers released
Posted July 5, 2016
Trucks carried more U.S. freight by value with North American Free Trade Agreement (NAFTA) partners Canada and Mexico in April 2016 compared to April 2015 but declines in all other freight modes led to a 3.2 percent decrease to $90.4 billion in the total current dollar value of cross-border freight. April was the 16th consecutive month that the value of U.S.-NAFTA Freight declined from the same month of the previous year, according to the TransBorder Freight Data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics.
Freight by mode
The value of commodities moving by truck increased 0.8 percent as the value of incoming freight from Mexico (up 6.5 percent) and Canada (up 3.0 percent) exceeded the 3.6 percent decrease in shipments from the U.S.
The value of freight carried on other modes declined: rail 3.4 percent; air 10.4 percent; vessel 26.4 percent; and pipeline 30.5 percent. A drop in the price of crude oil played a key role in the large declines in the dollar value of products shipped by vessel and pipeline. Crude oil (a component of mineral fuels) comprises a large share of the commodities carried by these modes. Average monthly prices for crude petroleum and refined fuel are available from the U.S. Energy Information Administration.
Trucks carried 66.8 percent of U.S.-NAFTA freight and continued to be the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks accounted for $31.4 billion of the $47.6 billion of imports (65.9 percent) and $29.0 billion of the $42.8 billion of exports (67.8 percent).
From April 2015 to April 2016, the value of U.S.-Canada freight flows fell 6.0 percent to $45.9 billion as all modes of transportation carried a lower value of U.S.-Canada freight than a year earlier.
Lower crude oil prices contributed to a year-over-year decrease 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 were down 31.2 percent and 45.1 percent respectively year-over-year.
Trucks carried 60.8 percent of the value of the freight to and from Canada. Rail carried 17.0 percent followed by pipeline, 6.7 percent; air, 4.7 percent; and vessel, 3.1 percent. The surface transportation modes of truck, rail and pipeline carried 84.5 percent of the value of total U.S.-Canada freight flows.
From April 2015 to April 2016, the value of U.S.-Mexico freight fell 0.1 percent to $44.5 billion as all modes of transportation except truck carried a lower value of U.S.-Mexico freight than a year earlier. Freight carried by truck increased 2.8 percent, primarily because of an increase in shipments of machinery, computers, and parts. Rail freight value declined 1.1 percent. Vessel freight value declined 12.3 percent and pipeline freight value dropped by 21.4 percent, both due mainly to lower crude oil prices. Air freight value decreased by 22.3 percent.
Trucks carried 73.0 percent of the value of freight to and from Mexico. Rail carried 14.1 percent followed by vessel, 6.8 percent; air, 2.7 percent; and pipeline, 0.6 percent. The surface transportation modes of truck, rail and pipeline carried 87.7 percent of the value of total U.S.-Mexico freight flows.
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