North American freight reached an all-time high in value last November; cross-border trucking freight posted an eight-month growth dash. Year to year, the value of North American freight moved by trucks increased by 17% to $73.5 billion.
The increase marks the eighth consecutive yearly increase, and the twelfth increase in 13 months. According to the Bureau of Transportation Statistics, cross-border truck freight did experience a slight drop in February 2021, causing a break in what would otherwise be a 13-month streak.
Image: Bureau of Transportation Statistics
Compared to October, the value of trucking freight crossing the borders dropped slightly by 0.5%. Since October 2020, North American freight moved by trucks has been an up and down rollercoaster ride month to month. November’s truck value falls just short of the $73.9 billion record set last March.
Source: landline.media
