the state of cross-border freight transportation in the United States in November, highlighting the following key points:
Improvement in cross-border freight transportation for the second consecutive month, with truck freight valued at over $82 billion crossing borders, representing a 5% growth compared to November 2022.
Despite a 7% decrease compared to October, there is a positive growth trend that has lasted for almost three years, with the last year-to-year decline recorded in February 2021.
Truck freight at the U.S. northern border increased by more than 5%, while at the southern border, the freight value increased by almost 4%.
The top commodities at the northern border were computers/parts, vehicles/parts, and electrical machinery, with significant increases in their values.
Overall, the value of cross-border freight transportation in November exceeded $131 billion, a 4% increase compared to the previous year, but with a 5% loss compared to October.
Canadian freight increased by nearly 3%, while Mexican freight jumped by more than 5%.
In terms of weight, freight crossing borders increased by more than 7% compared to November 2022 but was down by almost 2% compared to October.
Among the five modes of transportation, four showed an increase in freight value in November compared to the previous year, with vessel freight recording the largest increase (11.5%), followed by rail (4.8%), trucking (4.6%), and airfreight (0.3%). Pipeline experienced the only year-to-year decrease at minus 4.7%.
