Subscribe to our free, weekly email newsletter!


BTS reports surface trade with NAFTA partners is up 12.7 percent for November 2011

By Staff
January 31, 2012

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 12.7 percent on November 2011 compared to November 2010 at $76.7 billion.

BTS said that the value of U.S. surface transportation trade with Canada and Mexico in November was up 18.3 percent compared to November 2006 and up 72.6 percent compared to November 2001, with imports up 64.3 percent and exports up 83.5 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 84.8 percent of U.S. trade by value with Canada and Mexico moved on land in November, with 10.8 percent moving by vessel, and 4.4 percent by air.

The BTS said the value of U.S. surface transportation trade with Canada and Mexico in November was down 3.0 percent from October.

But it was up year-over-year in October.  U.S.-Canada surface transportation trade at $44.3 billion was up 12.2 percent. Michigan paced all states in surface trade with Canada in November at $5.7 billion for a 26.7 percent annual gain.

The value of U.S. surface transportation trade with Mexico was up 13.3 percent year over year in November at $32.4 billion. Texas led all states in surface trade with Mexico in November at $11.2 billion, up 9.5 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

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.

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