Trucking cross-border freight takes a small hit in February
April 28, 2021
February was a slow month for truckers regarding cross-border freight, with both a monthly and year-to-year drop.
Compared to February 2020, cross-border freight was down slightly by 0.1% after a 3% decrease in January and a 0.4% increase in December, according to the Bureau of Transportation Statistics. December’s year-to-year increase was the first since last February, just before the nation began implementing lockdowns due to the pandemic.
The value of freight hauled across national borders increased by nearly 2% compared with January, when cross-border freight went down by nearly 3% compared with the previous month. Since 2013, cross-border freight has experienced a monthly decrease in February, with the exception of 2017. Year-to-year, February freight has experienced increases across the borders from 2017 to 2020.
Although overall cross-border freight increased from January, trucking freight did not fare as well.
Trucks carried more than $59 billion of the nearly $96 billion of imports and exports in February, a nearly 3% decrease from January and a decrease of 1% compared with February 2020.
Month-to-month, Canada truck freight increased by more than 1%, whereas Mexico truck freight went down significantly by nearly 6%. Top truck commodities were electrical machinery (equipment and parts), computer-related machinery/parts, vehicles (other than railway), measuring/testing instruments and plastic/articles.
February’s cross-border freight total of nearly $96 billion is up more than $1.5 billion from the previous month but decreased nearly $90 million from February 2020.
All modes except pipeline and air experienced a month-to-month decrease, with rail freight having the largest drop at 7.5% followed by trucking and vessel (minus 2.4%). Pipeline freight experienced a massive increase of more than 76%. According to the Bureau of Transportation Statistics, the value of mineral fuels exported to Mexico by pipeline in February was abnormally high due to price spikes resulting from the mid-February cold weather that caused widespread power outages in Texas and Mexico. Airfreight was up by more than 2%
Nearly 57% of U.S.-Canada February cross-border freight was moved by trucks, followed by rail at more than 15%. Of the more than $48 billion of freight moving in and out of Mexico, trucks carried more than 67% of the loads. LL