The amount of freight moved between the U.S. and its North American Free Trade Agreement partners of Canada and Mexico increased in October compared to the same time a year ago, hitting the highest level on record.
New U.S. Transportation Department figures show it totaled $108.2 billion, 4.9% higher than during the same month in 2013, and is also 4.9% higher during the first 10 months of 2014 than during the same time period the previous year.
The value of commodities moving by truck grew by the largest percentage of any mode, 7.2%. Airfreight increased 4.9% followed by rail at 2.4%. Pipeline and vessel shipments declined 1.2% and 7.6%, respectively. Read more here.