Value of Transborder Freight Rose in December

The value of transborder freight moving by rail among the United States, Canada and Mexico increased 1.6 percent to $14.1 billion worth of goods in December 2020 compared with November 2020 the U.S. Bureau of Transportation Statistics reported.

In a news release, BTS said that on a year-over-year basis, freight moved by rail in December decreased 2 percent in value.

The value of freight moved by all modes of transportation in December totaled $96.8 billion, an increase of 0.9 percent compared to the previous month and a gain of 0.4 percent compared  to the same month in 2019.

Rail was the second-most-used mode in December as measured by value, accounting for 14.6 percent of all transborder freight.

In December, $7.4 billion worth of freight was moved by rail between the United States and Canada, up 1.9 percent compared with the previous month but a decline of 7.4 percent compared with the same month in 2019.

The value of freight moving between the U.S. and Mexico was $6.8 billion, up 1.3 percent compared with the previous month and up 4.7 percent compared with December 2019.

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