Subscribe to our free, weekly email newsletter!


BTS reports surface trade with NAFTA partners is up 11.8 percent in February

By Staff
May 03, 2011

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.8 percent in February 2011 compared to February 2010 increasing to $66.5 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).

The BTS said that the value of U.S. surface transportation trade with Canada and Mexico in February was up 11.3 percent compared to February 2006, and up 48.4 percent compared to February 2001, a period of 10 years. Imports in February were up 43.1 percent compared to February 2001, and exports were up 55.3 percent.

Surface transportation, according to the BTS, is comprised mainly of freight movements by truck, trail, and pipeline, and nearly 90 percent of U.S. trade by value with Canada and Mexico moves by land. According to the BTS 89.6 percent of U.S. trade by value with Canada and Mexico moved on land.

BTS officials said that the value of U.S. surface transportation trade with Canada and Mexico in February increased 38.8 percent since February 2009, which was at $47.9 billion and represented the lowest amount of trade in any month since February 2004. And they added that February 2011 trade value was down 4.1 percent compared to the recession levels of February 2008.

February freight value dropped 1.8 percent compared to January, according to the BTS.

The BTS said the value of U.S. surface transportation trade with Canada was up 10.1 percent year-over-year in February at $40.0 billion. Imports carried by truck were valued 12.3 percent higher in February 2011 compared to February 2010, said the BTS, and the value of exports carried by truck was up 12.6 percent. Michigan paced all states in surface trade with Canada in January at $5.0 billion.

The value of U.S. surface transportation trade with Mexico was up 24.5 percent year over year in February at $26.6 billion. Imports carried by truck were valued 13.7 percent higher in February 2011 compared to February 2010, said the BTS, and the value of exports carried by truck was up 15.6 percent. Texas led all states in surface trade with Mexico in February at $9.1 billion.

For related articles, please click here.

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

Last week, the United States Department of Transportation took further steps to address various issues identified in recent train accidents involving crude oil and ethanol shipped by rail. The announcement was made by DOT with other DOT agencies, including the Federal Railroad Administration (FRA) and the Pipeline and Hazardous Materials Safety Administration (PHMSA).

Logistics Management Group News Editor Jeff Berman had an opportunity to interview Derek Leathers, President and Chief Operating Officer of Werner Enterprises, at this month's NASSTRAC Shippers Conference and Transportation Expo in Orlando. They discussed various aspects of the truckload market, including prices, fuel, and regulations.

During this webcast our presenters will apply the findings of the 23rd Annual Trends & Issues in Transportation and Logistics Study to the world of shipper-carrier decision making. They'll examine the primary aspects that will influence the future direction for shipper-carrier decision-making.

For February, the month for which most recent data is available, the SCI dropped to -1.0 from January’s 2.6, with FTR explaining that the short term positive impact from one-time adjustments for rapidly dropping diesel prices and the suspension of the 2013 motor carriers hours-of-service expires later this year.

Seasonally-adjusted (SA) for-hire truck tonnage in March was up 1.1 percent on the heels of a revised 2.8 percent (from 3.1 percent) February decline, with the SA index at 133.5 (2000=100). This is off 0.3 percent from the all-time high for the SA of 135.8 from January 2015 and is up 5 percent annually.

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