Subscribe to our free, weekly email newsletter!


BTS reports surface trade with NAFTA partners is up 11 percent in June

By Staff
August 30, 2011

The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.0 percent in June 2011 compared to June 2010, coming in at $77.5 billion.

This represents a 0.3 percent bump from May’s $77.3 billion.

The BTS said that the value of U.S. surface transportation trade with Canada and Mexico in June rose 15.9 percent compared to June 2006 and up 59.0 percent compared to June 2001, with imports up 49.8 percent and exports up 71.2 percent.

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 84.8 percent of U.S. trade by value with Canada and Mexico moved on land in May, with 11.1 percent moving by vessel, and 4.1 percent by air.

The BTS said the value of U.S. surface transportation trade with Canada was up 9.7 percent year-over-year in June at $46.1 billion. Michigan paced all states in surface trade with Canada in June at $6.3 billion for a 6.1 percent annual gain.

The value of U.S. surface transportation trade with Mexico was up 12.8 percent year over year in June at $31.4 billion. Texas led all states in surface trade with Mexico in June at $11.1 billion, up 12.8 percent annually.

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

Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.

LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.

It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

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