Subscribe to our free, weekly email newsletter!


BTS reports surface trade with NAFTA partners is up 18.3 percent in August at $80.4 billion

By Staff
November 03, 2011

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 18.3 percent in August 2011 compared to August 2010, coming in at $80.4 billion.

BTS officials said this marks the second time that U.S.-NAFTA trade by land modes topped $80 billion in one month, with March 2011 being the other time it occurred. And August was up 11.1 percent in terms of total value of U.S. surface transportation trade from July.

The BTS said that the value of U.S. surface transportation trade with Canada and Mexico in August was up 21.2 percent compared to August 2006 and up 70.6 percent compared to August 2001, with imports up 59.7 percent and exports up 84.8 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 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 19.1 percent year-over-year in August at $47.5 billion. Michigan paced all states in surface trade with Canada in August at $6.4 billion for a 19.3 percent annual gain.

The value of U.S. surface transportation trade with Mexico was up 17.2 percent year over year in August at $32.9 billion. Texas led all states in surface trade with Mexico in August at $11.9 billion, up 16.7 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

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.

At $2.843, the average price per gallon was down 1.6 cents, following last week’s 1.1 cent drop and a cumulative 7.1 cent cumulative drop over the last five weeks.

LM Group News Editor Jeff Berman caught up with UPS Freight President Jack Holmes at the National Shippers Strategic Transportation Council’s (NASSTRAC) Annual Conference and Exhibition. Berman and Holmes spoke about various aspects of the less-than-truckload sector (LTL), as well as related freight transportation news and trends.

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