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

With an eye on capitalizing on future trade and commerce growth in South Asia, express delivery and logistics services provider DHL today rolled out its plans to build an $85 million EUR ($93 million USD) DHL Express South Asia Hub, which will be a 24-hour express hub facility within the Changi Airfreight Center at the Singapore Changi Airport.

While the Federal Railroad Administration (FRA) has long stated its goal of having Positive Train Control (PTC) technology installed on 40 percent of its network by December 31, 2015, railroad industry stakeholders have repeatedly stated that reaching that deadline would be a stretch. It now appears that the railroad sector has some members of Congress sharing the same line of thought with legislation rolled out this week that pledges to extend the PTC deadline to 2020.

West Coast port authorities may be overstating the obvious when they decry “business as usual.” But it’s refreshing to see them finally coming around.

Transportation stakeholders reliant on North Carolina’s major seaports are welcoming news this week, which outlines plans to enhance the intermodal and cold chain network in the region.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in February, which was 0.2 percent ahead of January and also 0.1 percent ahead of the 12-month average of 56.8. Economic activity in the non-manufacturing sector has grown for the last 61 months, according to ISM.

Article Topics

News · NAFTA · BTS · All topics

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA