December 19, 2019
Truck freight volumes between US and Mexico decline for only the second time in 12 months; trade was down 2.9% compared to 2018
Trucks continue to carry the majority of cross-border imports and exports during the month of October, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS).
Cross-border truck freight between the U.S., Canada and Mexico totaled $68.2 billion, or 64% of all cross-border freight during October, down 3.3% compared to October 2018.
Along the U.S.-Mexico border, trucks carried 72% of all freight, moving loads valued at $38.2 billion in October 2019, compared to $39.4 billion during the same period in 2018, a decline of almost 3%.
It represented only the second time in 12 months that freight volumes between the U.S. and Mexico decreased.
In June 2019, cross-border freight declined 1% compared to the same period in 2018. Some of the decline in freight volumes can be attributed to border wait times rising in April and May when President Trump threatened tariffs against Mexico on immigration issues.
Truck freight between the U.S. and Canada totaled $30 billion in October, down 2.5% compared to the same period in 2018.
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Source: Freight Waves