The statistics are out and cross-border trade is up. A recent article from Today’s Trucking outlines the figures from this past May.
According to reports from the U.S. Department of Transportation, the value of cross-border trade between Canada, the U.S., and Mexico increased by 5.4% when compared to May 2013.
It’s important to highlight that U.S.-NAFTA trade increased in May 2013 and continued to rise over the next 4 months. Cross-border trade has also increased in 10 out of the last 11 months. The increase was interrupted in January 2014 due to the harsh winter we experienced; trade decreased by a minimal 0.2%.
Stats by Mode of Transportation
Pipeline: increased by 24.1%
Rail: increased by 4.5%
Truck: increased by 2.7%
Vessel: decreased by 7.7%
Air freight: decreased by 9.8%
Trucks carried 53.9% of the $57.7 billion of freight to and from Canada, followed by rail at 16.4%, pipeline at 13.5%, vessel at 5.6%, and air at 4%.
For more trade information you can read the full article from Today’s Trucking or you can check out the complete report of the North American Freight Numbers for May 2014 from the U.S. Department of Transport.