Subscribe to our free, weekly email newsletter!


BTS reports U.S.-NAFTA trade is up 2.0 percent annually in August

By Staff
November 07, 2013

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 2.0 percent in August 2013 compared to August 2012 at $96.5 billion.

Surface transportation, according to the BTS, is comprised mainly of freight movements by truck, rail, pipeline, vessel, and air, and nearly 90 percent of U.S. trade by value with Canada and Mexico moves by land.

According to the BTS, three of these five modes carried more U.S.-NAFTA trade in August, the most recent month for which data is available. Pipelines were up 18.2 percent, which the BTS said reflects the rise in prices for oil and other petroleum products.

And trucks, which the BTS said move 60 percent of U.S.-NAFTA trade, inched up 0.7 percent, and rail increased 3.0 percent. Vessel and air movements were down 2.6 percent and 2.4 percent, respectively.

BTS said that trucks accounted for 59.9 percent of the $96.5 billion of August U.S.-NAFTA trade, with $30.3 billion in exports and $27.5 billion in imports, with rail at 15.6 percent, vessels at 8.5 percent, pipeline at 7.4 percent, and air at 3.7 percent. In August, truck, rail, and pipeline cumulatively accounted for 82.9 percent of total NAFTA freight flows, according to BTS.

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

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.

In the third-party logistics (3PL) sector, the ongoing trend of merger and acquisition (M&A) activity never seems to take a break. That is apparent in recent weeks alone, with XPO Logistics recent acquisition of Norbert Dentressangle for $3.53 billion, Echo Global Logistics scooping up Command Transportation for $420 million, and Kuehne+Nagel buying ReTrans for an undisclosed sum.

Article Topics

News · NAFTA · BTS · All topics

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