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June 23, 2014

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www.joc.com THE JOURNAL OF COMMERCE 59 JOC By the Numbers $1.0 $1.5 $2.0 $2.5 $3.0 $7 $9 $11 $13 $15 -20% 0% 20% 40% 60% MARCH 2014 JANUARY 2010 TRUCK EX RAIL EX TRUCK IM RAIL IM $8 $10 $12 $14 $16 $18 -10% 0% 10% 20% 30% 40% MARCH 2014 JANUARY 2010 -25% 0% 25% 50% 75% MARCH 2014 JANUARY 2010 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 -25% 0% 25% 50% 75% 100% 125% MARCH 2014 JANUARY 2010 ● Year-over-year percent change ● Year-over-year percent change U.S. Exports to Mexico via Rail March 2014 U.S. export cross-border rail cargo value to Mexico spiked 10 percent or $220 million sequentially to $2.4 billion, and increased 7.5 percent or $168 million year- over-year. In the first quarter of the year rail, exports reached $6.8 billion, 5.2 percent or $336 million above a year ago. Calendar 2013 U.S. export cross-border cargo value to Mexico via rail was $27.8 billion, inching ahead 0.5 percent or $149 million year-over-year. U.S. Imports from Mexico via Rail March 2014 U.S. cross-border rail trade cargo value with Mexico spiked 14.2 percent or $481 million sequentially to $3.9 billion and inched ahead 0.8 percent or $31 million year- over-year. In the first quarter of the year, rail imports reached $10 billion, 5.4 percent or $510 million above a year ago. Calendar 2013 U.S. import cross-border cargo value from Mexico via rail was $42.1 billion, spiking 14 percent or $5.2 billion year-over-year. U.S. Exports to Mexico via Truck March 2014 U.S. export cross-border truck cargo value to Mexico increased 9.7 percent or $1.2 billion sequentially to $13.3 billion, and spiked 14.1 percent or $1.6 billion year-over- year. In the first quarter of the year, truck exports reached $38.5 billion, 9 percent or $3.2 billion above a year ago. Calendar 2013 U.S. export cross-border cargo value to Mexico via truck was $150.6 billion, up 6.9 percent or $9.7 billion year-over-year. U.S. Imports from Mexico via Truck March 2014 U.S. import cross-border truck cargo value with Mexico spiked 13.8 percent or $2 billion sequentially to $16.9 billion, and increased 7.4 percent or $1.2 billion year-over- year. In the first quarter of the year, truck imports reached $46.6 billion, $5.2 percent or $2.3 billion above a year ago. Calendar 2013 U.S. import cross-border cargo value from Mexico via truck was $184.9 billion, up 1.4 percent or $2.5 million year-over-year. U.S. SURFACE TRADE WITH MEXICO VIA TRUCK U.S. SURFACE TRADE WITH MEXICO VIA RAIL n Truck cargo value, in billions of U.S. dollars March 2014 U.S. cross-border truck trade cargo value with Mexico spiked 11.9 percent or $3.2 billion sequentially to $30.2 billion, and increased 10.2 percent or $2.8 billion year-over- year. In the first quarter of the year, truck trade totaled $85.2 billion, rising 6.9 percent or $5.5 billion above a year ago. Calendar 2013 U.S. cross-border trade cargo value with Mexico via truck totaled $335.5 billion, up 3.8 percent or $12.3 billion year-over-year. n Rail cargo value, in billions of U.S. dollars March 2014 U.S. cross-border rail trade cargo value with Mexico spiked 12.6 percent or $701 million sequentially to $6.3 billion, and advanced 3.3 percent or $199 million year-over-year. In the first quarter of the year, rail trade was $16.8 billion up 5.3 percent or $846 million above a year ago. Calendar 2013 U.S. cross-border trade cargo value with Mexico via rail was $69.8 billion, up 8.2 percent or $5.3 billion year-over-year. Source: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, TransBorder Freight Data, www.bts.gov/programs/international/transborder ■ Jan. 2005=1 ● Year-over-year percent change ● Month-to-month percent change ■ Jan. 2005=1 ● Year-over-year percent change ● Month-to-month percent change 1.0 1.5 2.0 2.5 3.0 -15% 0% 15% 30% 45% Month-to-month % change Year-over-year % change MAY 2014 JANUARY 2011 0.9 1.0 1.1 1.2 -10% 0% 10% 20% Month-to-month % change Year-over-year % change MAY 2014 JANUARY 2011 Freight Expenditures Index The May 2014 Cass expenditures index reached 2.649, the highest index level in 15 years. The May 2014 index increased 1.1 percent from April and was up 11.2 percent year-over- year. Cass noted when compared to the end of 2013, May expenditures rose slower than shipment volume, with shipments up 13.1 percent and expenditures up 11 percent, resulting in competitive rates even with capacity problems. Freight Shipment Index The May 2014 Cass freight shipments index, a measure of U.S. shipping demand, reached 1.173, rising toward a level last seen in September 2011, and 1 percent above April in its fourth consecutive month of sequential growth. May shipments were 3.6 percent higher year-over-year, third consecutive year-over-year gain. Cass notes that with increasing volumes, both trucking and rail have capacity problems; and trucking regulations have reduced productivity, worsening driver shortages. CASS FREIGHT INDICES Cass index data is derived from actual freight invoices paid on behalf of its clients' domestic freight shipments, which annually totals over U.S. $23 billion in account payables and includes a wide diversity of shippers, commodities and company size. The Cass index data does not contain a truly representative picture of small package shipments. Volumes represent the month in which transactions are processed by Cass, not necessarily the month when the corresponding shipments took place. Source: Cass Information Systems • www.cassinfo.com/Transportation-Expense-Management/Supply-Chain-Analysis/Transportation-Indexes n A timely indicator of market fluctuations in per-mile truckload pricing isolating the linehaul component of full truckload costs from other components ( fuel and accessorials), providing a reflection of trends in baseline truckload prices.

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