BTS: N. American Feb. Transborder Freight Down 0.7% on Yr

SECAUCUS, NJ (DTN) – North American transborder freight moved by all modes of transportation decreased 0.7% in February compared to the same month last year, the U.S. Bureau of Transportation Statistics said.
Total freight value for the month reached $130.8 billion, marking a narrower decline following a 5.5% year-over-year decrease reported in January, according to BTS records reported on Wednesday (4/22).

The February decrease reflected lower volumes in railways, pipelines, and water vessels, while air freight and truck trade showed growth despite the overall decline. Transborder freight between the U.S. and Canada fell 9.0% to $57.5 billion, while shipments between the U.S. and Mexico rose 7.1% to $73.2 billion for the month.

Trucks moved $87.2 billion worth of freight in February, a 0.7% increase from a year ago, while rail shipments dropped 7.3% to $14 billion during the same period.

Pipeline freight decreased 10.2% to $8.9 billion and vessel shipments fell 5% to $7.3 billion, while air freight value rose 25.2% to $6 billion compared to last year.