Nafta Trade Rises 0.1% in November

Nafta Trade Rises 0.1% in November
U.S. trade with Canada and Mexico totaled $96.3 billion in November as two transportation modes — truck and pipeline — carried more freight than in November 2013, the Department of Transportation reported Jan. 29. Year-over-year, the value of U.S.-North American Free Trade Agreement freight flows by all modes increased by 0.1%. However, annual ...

U.S. trade with Canada and Mexico totaled $96.3 billion in November as two transportation modes — truck and pipeline — carried more freight than in November 2013, the Department of Transportation reported Jan. 29.

Year-over-year, the value of U.S.-North American Free Trade Agreement freight flows by all modes increased by 0.1%.

However, annual growth in the value of border trade slowed in November due in part to the reduced value of shipments of mineral fuels and of imported vehicles, parts and electrical machinery, DOT said.

In November 2014, the value of commodities moving by truck, which carries three-fifths of overall border freight, grew by the largest percentage of any mode, 1.4%.

Pipeline freight increased by 1.1%, rail freight decreased by 3%, vessel freight decreased by 3.3%, and airfreight decreased by 7.1%, when compared with November 2013.

A $787 million increase by truck and a $74 million increase by pipeline offset decreases by air, vessel and rail.

Source: ttnews.com