Total Feb trans-border freight among US, Canada, Mexico up 7.5% YoY

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)