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

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.

Earlier this week, FedEx said it is expanding its International First service for early deliveries with the addition of 31 new origin countries, which will bring the total number of origin markets for the service to 97.

Monday, December 22 is pegged as UPS's peak delivery day, as the company expects to deliver more than 34 million packages that day, adding that it expects to see six days in December top last year’s peak shipment day delivery record of 31 million packages.

The time has come again for less-than-truckload (LTL) general rate increases (GRI), with various carriers recently announced their respective rate hikes in recent days.

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