3.4% is the decrease of freight flow this January in comparison with January 2013. According to the U.S. Department of Transportation, this is the biggest fall since November 2009.
The negative change is 9.9% for rail freight and 4.9% for truck freight. Air freight is also decreasing, but pipeline and vessel trade are on the rise.
Statistics shows that in January this year, trucks remain the main transportation for U.S.-NAFTA trade with 59.9% of all freight. The financial expression of this percentage is $28 billion in exports and $25.7 billion in imports. 81.5% of all NAFTA freight was moved by truck, pipeline and rail transportation.
As for U.S.-Canada trade, trucks took care of 52.2% of the freight. Trucks carried 68.1% of the U.S.-Mexico trade with top commodity consisting of electrical machinery.
Category: Commercial Bonds