Cross-border imports by rail from Canada into the United States jumped to their highest value in March since the JOC began collecting data in January 2009, according to data from the U.S. Bureau of Transportation Statistics. This followed a decline in February, which was the first in nine months.
U.S. imports by rail were valued $6.54 billion in March 2013, up 5.5 percent from $6.2 billion in March 2012 and 15.5 percent more than $5.66 billion in February 2013. Month-to-month values declined the previous three months. The value of imports by rail from Canada rose 3 percent year-over-year in the first three months of 2013.
U.S. exports by rail to Canada grew 8.7 percent year-over-year to $3.19 billion, extending the increases in this trade for a tenth consecutive month. Export value also jumped 20.6 percent from $2.65 billion in February 2013. Through March, exports were up 5.8 percent by value over the same three months in 2012.
Truck trade between the U.S. and Canada was down for a second straight month in March. U.S. exports by truck dropped 3.6 percent year-over-year but experienced an increase of 13.5 percent over February 2013 to $17.94 billion. So far in 2013 the value of exports by truck is down 1.3 percent from the same three months in 2012.
The value of imports by truck from Canada dipped 2.3 percent in March over the same month in 2012 to $11.98 billion; this was 11.2 percent higher than the level seen in February 2013. The value of imports by truck was down just over 1 percent year-over-year in the first three months of 2013.