U.S. Canada Freight Movements Post Steep Drop
WASHINGTON, D.C. -- The value of freight moving between Canada and the U.S. posted a steep decline in June, according to newly released figures from the U.S. Transportation Department. It fell 10.3 percent from June 2014, totaling US$52 billion, as all modes of transportation carried a lower value of U.S.-Canada freight than a year earlier. A possible recession in Canada got the blame from the department for the decrease in freight flows. The decline in overall U.S. imports and exports with Canada were each down 10.3 percent from a year earlier as well. U.S. truck freight imports from Canada by value did show a 7.9 percent increase over the past year but U.S. truck exports to Canada by value fell 6.1 percent during the same time. This led to total a total decline of 0.2 percent in U.S.-Canada freight flows by value for the month.