Total trans-border freight through all modes of transportation among the United States, Canada and Mexico was worth $128.9 billion in February this year—a 7.5-per cent rise year on year (YoY), according to the Bureau of Transportation Statistics (BTS).

Freight between the United States and Canada during the month was worth $61.9 billion—up by 4.4 per cent YoY, and that between the United States and Mexico was worth $67 billion—up by 10.6 per cent YoY.

Trucks moved $83.4 billion worth freight—up by 5 per cent month on month (MoM) and by 9.9 per cent YoY, while railways moved $17.1 billion worth freight—up by 2.8 per cent YoY.

Vessels moved $10 billion worth freight—up by 15.7 per cent YoY, while airways moved $4.6 billion worth freight—up by 16.1 per cent YoY, a BTS release said.

February’s YoY increase in truck freight was the largest since January 2013, when cross-border freight went up by nearly 13 per cent.

Trucking freight across North America has been rising for more than three years, with only two decreases since November 2020: a 2-per cent decrease in February 2021 and a 1-per cent decrease in December 2023.

Cross-border freight hauled by trucks across the US northern border rose by more than 8 per cent YoY, while at the southern border, the value of freight rose by more than 11 per cent YoY.

By weight, cross-border freight hauled by trucks went up by 5 per cent YoY and 1 per cent MoM. Year-to-year, North American truck freight by weight has increased only five times since July 2022.

Fibre2Fashion News Desk (DS)

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