The value of U.S.-NAFTA freight totaled $86.7 billion in December 2015, with all modes of transportation — air, vessel, pipeline, rail, and trucks — carrying a lower total value of freight than a year earlier, according to the TransBorder Freight Data released Thursday.
The U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) said large decreases in the value of commodities moved by pipeline and vessel in December were due to the reduced unit price of crude oil.
Year-over-year, the value of U.S.-NAFTA freight flows by all modes declined by 9.5 percent.
In December 2015 compared to December 2014, the value of commodities moving by truck decreased by 3.1 percent, while the value of air freight decreased by 3.5 percent and rail by 9.3 percent. Vessel freight value decreased 29.9 percent and pipeline freight decreased 47.4 percent mainly due to the lower unit price of crude oil (a component of mineral fuels), which comprises a large share of the commodities carried by these modes.
Trucks carried 63.4 percent of U.S.-NAFTA freight and continue to be the most heavily utilized mode for moving goods to and from both U.S.-NAFTA partners. Trucks accounted for $28.0 billion of the $46.8 billion of imports (60.0 percent) and $26.9 billion of the $40.0 billion of exports (67.3 percent).
Rail remained the second largest mode by value, moving 15.1 percent of all U.S.-NAFTA freight, followed by vessel, 6.4 percent; pipeline, 4.7 percent; and air, 4.3 percent. The surface transportation modes of truck, rail and pipeline carried 83.2 percent of the total U.S.-NAFTA freight flows.
The value of U.S.-Canada freight totaled $45.0 billion in December 2015, down 15.2 percent from December 2014, 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 vessel and pipeline, which were down 35.2 percent and 47.4 percent respectively year-over-year.
Trucks carried 57.3 percent of the $45.0 billion of freight to and from Canada, followed by rail, 15.9 percent; pipeline, 8.4 percent; air, 4.9 percent; and vessel, 4.5 percent. The surface transportation modes of truck, rail and pipeline carried 81.6 percent of the total U.S.-Canada freight flows.
The value of U.S.-Mexico freight totaled $41.7 billion in December 2015, down 2.4 percent from December 2014, as two out of the five transportation modes – air and truck – carried more U.S.-Mexico freight value than in December 2014.
Freight carried by truck increased by 1.3 percent, led by shipments of electrical machinery, which were up 7.4 percent. Air freight value rose 2.0 percent while rail freight value declined 0.1 percent. Pipeline freight value decreased by 46.5 percent and vessel freight value decreased by 26.4 percent mainly due to lower crude oil prices.
Trucks carried 70.0 percent of the $41.7 billion of the value of freight transported to and from Mexico, followed by rail, 14.3 percent; vessel, 8.5 percent; air, 3.7 percent; and pipeline, 0.6 percent. The surface transportation modes of truck, rail and pipeline carried 84.8 percent of the total U.S.-Mexico freight flows.