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Thursday, January 26, 2023

NAFTA truck freight continued to grow year-to-year in April


Trucks carried nearly $66 billion of the nearly $103 billion of imports and exports in April.

Year-to-year, Canada truck freight increased by 10 percent and Mexico freight rose by 20 percent. Top truck commodities were computers and parts, motor vehicles and parts, electrical machinery, plastics, and measuring/testing instruments.

Freight totalled $102.7 billion, down more than $3 billion from the previous month but an increase of nearly $12 billion from April 2017.

Vessel freight accounted for the largest increase at 35 percent after an increase of 42 percent in March. Trucks accounted for an increase of 15.3 percent, the second largest increase. Truck freight experienced increases of 4.1 percent in March and 9 percent in February.

More than 57 percent of U.S.-Canada freight was moved by trucks, followed by rail at 17 percent. U.S.-Mexico freight went up by nearly 15 percent compared with April 2017. Of the $50.519 billion of freight moving in and out of Mexico, trucks carried more than 71 percent of the loads.