Subscribe to our free, weekly email newsletter!


BTS reports surface trade with NAFTA partners is up 12.0 percent in October

By Staff
January 05, 2012

The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 13.8 percent in October 2011 compared to October 2010, hitting $79.0 billion.

BTS officials said September was up 28.7 percent compared to October 2009 and 8.7 percent compared to October 2008

BTS said that the value of U.S. surface transportation trade with Canada and Mexico in October was up 18.2 percent compared to October 2006 and up 65.9 percent compared to October 2001, with imports up 57.8 percent and exports up 76.4 percent during that ten-year period.

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 85.6 percent of U.S. trade by value with Canada and Mexico moved on land in September, with 9.8 percent moving by vessel, and 4.5 percent by air.

The BTS said the value of U.S. surface transportation trade with Canada was up 14.1 percent year-over-year in October at $46.4 billion. Michigan paced all states in surface trade with Canada in October at $5.7 billion for a 8.3 percent annual gain.

The value of U.S. surface transportation trade with Mexico was up 9.1 percent year over year in October at $32.6 billion. Texas led all states in surface trade with Mexico in October at $11.3 billion, up 3.8 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

Key sanctions are unlikely to be fully removed until Congress lifts the U.S. embargo on Cuba – something unlikely to take place before 2018 when incumbent president Raúl Castro is expected to step down

The PMI, the ISM’s index to measure growth inched up 0.7 percent to 53.5 over May’s 52.8. This reading marks sequential growth for the third month in a row, which was preceded by five months of sequential declines.

Foreign direct investment has never been more important in catalyzing growth, whether in the developed or developing world. Although equity markets around the world have largely recovered since the financial crisis, global capital flows have contracted sharply.

When it comes to the chances of the December 31, 2015 Positive Train Control (PTC) deadline being extended, something which railroads say is badly needed, it appears they need to be prepared to be disappointed. That was the chief takeaway of a statement from Sarah Feinberg, acting administrator of the United States Department of Transportation’s Federal Railroad Administration (FRA).

It’s said that innovation will lead the economy out of its current funk. But how does an organization become a perpetually innovative company? That’s one of the questions Kai Engel and his co-authors at A.T. Kearney set out to answer in their new book Masters Of Innovation.

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