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

Flags of Convenience are a fact of life in the commercial maritime trade, but several European political action groups are worried that they will pose a threat to the Continent’s air cargo industry.

For May, which is the most recent month for which data is available, the SCI is -7.5, following April’s -7.5. FTR said this reading represents a still-tight capacity environment, as utilization rates hover between 98 percent and 99 percent.

With a 1.1 cent drop to $3.858 per gallon, this follows declines of 2.5 cents, 1.9 cents, and 0.7 cents over the previous three weeks, with the cumulative four-week decline at 6.2 cents.

Second quarter revenue for transportation and logistics titan UPS headed up 5.6 percent annually at $14.3 billion, while operating profit sank 57.1 percent to $747 million. Quarterly net income fell 57.6 percent to $454 million.

Panjiva, an online search engine with detailed information on global suppliers and manufacturers, recently said it is opening up the “vault,” so to speak. The vault in this case is making its copious amount of trade data accessible through an Application Programming Interface (API), which enables customers to extract Panjiva’s trade data into their own database.

Article Topics

News · NAFTA · BTS · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA