US-Mexico Rail Trade Hits Record High

In a sign of an improving economic environment and growing preference for rail to move goods between the U.S. and Mexico, U.S.-Mexico cross-border trade by rail, measured in value terms, hit an all-time high in September. It rose 16.4 percent year-over-year to $6.25 billion, according to the U.S. Bureau of Transportation Statistics. Cross-border truck trade also climbed, rising 7.7 percent year-over-year to $27.2 billion, a record for the month.