Trucking News Online

NAFTA Freight Numbers for Trucking Down 0.4% in 2015

March 22, 2016 By: Trucking News Staff Tags: Fleet Management, News

All five major transportation modes — truck, rail, pipeline, vessel and air — carried less U.S. freight with North American Free Trade Agreement (NAFTA) partners Canada and Mexico by value in 2015 than in 2014.

The total value of cross-border freight carried on all modes fell 7.2 percent from 2014 to $1.1 trillion in current dollars, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).

The value of commodities moving by truck declined 0.4 percent — the smallest decrease from 2014 to 2015 of any mode. The value of freight on other modes also declined: air 1.8 percent; rail 7.1 percent; vessel 29.7 percent; and pipeline 39.4 percent.

A drop in the price of crude oil in 2015 played a key role in the large declines in the dollar value of goods shipped by vessel and pipeline. In fact, the 7.2 percent decline was almost entirely due to the decline in crude oil and petroleum prices. The value of petroleum-related commodity shipments declined almost 40 percent year-over-year while the value of other freight dropped 0.9 percent.

Trucks carried 64.3 percent of U.S.-NAFTA freight, a 2.2 percentage point increase from 2005, and continued to be the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks accounted for $359.8 billion of the $589.9 billion of imports (61.0 percent) and for $351.9 billion of the $516.4 billion of exports (68.2 percent).

Rail remained the second largest mode, moving 14.9 percent of all U.S.-NAFTA freight, followed by vessel, 6.6 percent; pipeline, 5.2 percent and air, 3.9 percent. The surface transportation modes of truck, rail and pipeline carried 84.4 percent of the total value of U.S.-NAFTA freight flows.

From 2014 to 2015, the value of U.S.-Canada freight flows fell 12.6 percent to $575.2 billion. Trucks carried 58.3 percent of the value of the freight to and from Canada, followed by rail, 15.7 percent; pipeline, 9.3 percent; vessel, 4.9 percent; and air, 4.7 percent. The surface transportation modes of truck, rail and pipeline carried 83.3 percent of the value of total U.S.-Canada freight flows.

Trucks carried 58.3 percent of U.S.-Canada freight in 2015, a 0.8 percentage point decrease from 2005. Truck’s share of imports decreased 0.2 percentage points from 2005, while air’s percent share of imports rose 0.7 points and pipeline fell one point.

From 2014 to 2015, the value of U.S.-Mexico freight fell 0.6 percent to $531.1 billion. Trucks carried 70.9 percent of the value of the freight to and from Mexico, followed by rail, 14.1 percent; vessel, 8.5 percent; air, 3.1 percent; and pipeline, 0.7 percent. The surface transportation modes of truck, rail and pipeline carried 85.7 percent of the value of total U.S.-Mexico freight flows.