US freight flows within the NAFTA region totalled US$96.6bn in January

US freight flows within the NAFTA region totalled US$96.6bn in January

Monthly freight flows between the US and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico were up in January, and up 9.9% from a year earlier.

According to data from the Bureau of Transportation, US freight flows within the NAFTA region totalled US$96.6bn in January as three of the five major transportation modes carried more freight by value with Canada and Mexico than a year earlier. This represented an increase of 3.3% on December.

Year-on-year, the value of total US trade with Canada was up 8.8% to $48.9bn, but only edged up 0.4% on the prior month.

US trade with Mexico meanwhile, was valued at $47.7bn in January, up 6.5% from December and up 11% from January last year.

Talks between Mexico, Canada and the US to renegotiate the terms of the North American Free Trade Agreement began in August last year and are still underway.

However, last month the US showed a stronger willingness to speed up negotiations on the textile and apparel chapter ahead of looming Mexican presidential elections.

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