WASHINGTON, DC— Truck trade between the U.S. and its NAFTA partners, Canada and Mexico, rose by 5.4 percent in September than the same time last year, according to from the U.S. Department of Transportation.
Trucks carried 59.4 percent of the $94.4 Billion of U.S.-NAFTA trade in September, which was split between $29.1 billion in exports and $27 billion in imports. Surface transportation modes of truck, rail and pipeline carried 82.7 of the total NAFTA freight.
In September, there was $53.1 billion worth of freight moved between Canada and the U.S., out of which 54.2 percent was carried by trucks. Trucks were followed by rail at 16.8 percent, pipelines at 12.3 percent, vessel at 5.85 percent and air at 4.5 percent. In total, the surface transportation modes of truck, rail and pipeline accounted for 83.3 percent of the total freight flows between Canada and the U.S.
The North American Free Trade Agreement (NAFTA) is an agreement that establishes rules for commercial activity between Canada, the U.S. and Mexico, Since it came into effect on January 1, 1994, it has removed tariffs on imported goods originating in any of the three NAFTA countries, creating free trade.