Subscribe to our free, weekly email newsletter!


BTS reports October surface trade with NAFTA partners is up 7.9 percent annually

By Staff
January 04, 2013

The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) said today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 7.9 percent in October 2012 compared to October 2011 at $85.3 billion, unadjusted for inflation. When adjusted for inflation and exchange rates, October’s value was $61.7 billion, representing a 7.6 percent annual gain.

BTS said that the value of U.S. surface transportation trade with Canada and Mexico in October is up 38.9 percent compared to October 2009, soon after the end of the recession and was up 71.8 percent compared to October 2002. Imports and exports are up 60.1 percent and 87.2 percent, respectively, since October 2002.

Surface transportation, according to the BTS, is comprised mainly of freight movements by truck, trail, and pipeline, mail and Foreign Trade Zones, and nearly 90 percent of U.S. trade by value with Canada and Mexico moves by land. According to the BTS 86.5 percent of U.S. trade by value with Canada and Mexico moved on land in October, with 9.5 percent moving by vessel, and 4.0 percent by air.

The BTS said the value of U.S. surface transportation trade with Canada and Mexico in October was up 9.8 percent from September to October.


U.S.-Canada surface transportation trade in October at $48.4 billion was up 4.3 percent annually, said BTS. Michigan paced all states in surface trade with Canada in October at $6.8 billion.

The value of U.S. surface transportation trade with Mexico was up 13.1 percent year over year in October at $48.4 billion. Texas led all states in surface trade with Mexico in September at $13.6 billion.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

less than one percent of all U.S. businesses export, and of those that do, the majority interacts only with NAFTA trading partners Mexico and Canada.

Seasonally-adjusted (SA) for-hire truck tonnage in April at 134.8 (2000=100) fell 2.1 percent from March and on the heels of a 4.4 percent February to March decrease.

The current price at $2.357 per gallon saw a 6-cent increase on the way to its highest weekly price of 2016 based on EIA data. And it is also the highest price since the week of December 14, when it was at $2.338 per gallon.

As e-commerce growth and demand goes, so goes the increased need for e-commerce fulfillment centers and distribution centers, according to the debut issue of the Global Prime Logistics Rents report recently issued by global commercial real estate firm CBRE Group Inc.

In this new world of Omni-channel—profitable and efficient anytime, anywhere fulfillment is the goal.

Article Topics

News · NAFTA · BTS · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA