Cross-border imports by rail from Canada into the United States fell in February after eight months of year-over-year increases, according to data from the U.S. Bureau of Transportation Statistics.
U.S. imports by rail were valued $5.66 billion in February 2013, down 0.6 percent from February 2012 and down 2.6 percent from January 2013, marking the third straight month-to-month drop. The value of imports by rail from Canada rose 1.8 percent year-over-year in the first two months of 2013.
U.S. exports by rail to Canada grew 2.6 percent to $2.65 billion from $2.58 billion in February 2012, extending the year-over-year export increases in this lane for a ninth consecutive month. Export value in this lane also jumped 9 percent from the level seen in January 2013. During January and February 2013, exports were up 4 percent by value over the same period in 2012.
Truck trade between the U.S. and Canada was down in February. U.S. exports by truck slid 2 percent year-over-year but inched up 0.2 percent over January 2013 to $15.81 billion. So far in 2013 the value of exports by truck is up 0.1 percent over the same two months in 2012.
The value of imports by truck from Canada dropped 3.7 percent in February over the same month in 2012 to $10.78 billion; this was also 4.6 percent lower than the level seen in January 2013. The value of imports by truck was down 0.5 percent year-over-year in the first two months of 2013.