Nafta Truck Freight Increases

Nafta Truck Freight Increases

Nafta Truck Freight Increases

According to a July 28, 2016 report from the United States Department of Transportation’s Bureau of Transportation Statistics, transport of freight related to the North American Free Trade Agreement via commercial trucks increased in May of this year. Commercial trucks moved more than half of all international freight during the month: 66 percent.

Although the value of NAFTA freight as it moved across borders decreased again from last year by $3 billion and it decreased for a second time in two months this year by $540 million as compared to the previous month, commercial trucks handled $59 billion in May 2016 imports and exports out of a total of $89.8 billion. Of those totals, trucks handled $31.2 billion in imports and $28 billion in exports. Yet the reason that that decreases in overall value have been received well by many people is that a NAFTA truck freight transport increase did occur by 1.3 percent.

“Truck” was the only transport mode that saw value increases over consecutive months between the U.S. and its trade partners of Mexico and Canada. Heavy duty commercial freight trucks moved $43.9 billion in freight out of Mexico into the United States. Trucks handled a total of 71.2 percent of all freight transport across various transport methods. They also moved 61.1 percent of all NAFTA freight across the United States and Canadian border.

No other mode of freight transportation moved as much freight valued at so much money. Freight transportation is shared by five separate modes of transports that include truck, rail, ship, air and pipeline. By comparison, rail, which had the next highest numbers, only moved $14 billion in NAFTA freight total over the same time period and accounted for only 16.6 percent of all freight movement across the border between the United States and Canada.

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