Subscribe to our free, weekly email newsletter!


BTS reports U.S.-NAFTA trade up 1.3 percent in November

By Staff
January 30, 2014

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 1.3 percent in November 2013 compared to November 2012 at $91.6 billion.

BTS said trucks accounted for 59.9 percent of the $96.1 billion of U.S.-NAFTA trade in November, with $30.2 billion in exports and $27.4 billion in imports. Trucks were followed by rail at 15.8 percent, vessels at 9.0 percent, pipeline at 6.6 percent, and air at 4.0 percent, with truck, rail, and pipeline accounting for a cumulative 82.3 percent of trade activity.

U.S.-Canada surface transportation trade in November came in at $52.8 billion. Trucks paced all modes at 52.8 percent, and rail was at 17.0 percent with pipeline at 11.5 percent, vessels at 5.5 percent, and air at 4.7 percent.

The value of U.S. surface transportation trade with Mexico was $43.3 billion in November. Trucks led the way at 66.1 percent, rail at 14.3 percent, vessel, air, and pipelines at 13.3 percent, 3.1 percent, and 0.7 percent, respectively.

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

For November, which is the most recent month for which data is available, the SCI came in at -3.2. While this is still entrenched in negative territory, it represents an improvement over October and September, which were -5.5 and -6.6, respectively.

Total December shipments––at 1,150,810––were 3 percent better than November and up 5 percent annually. And total 2014 shipments––at 14,092,551––were up 5.61 percent, setting a new record for annual shipments during the time which Panjiva has been collecting this data since 2007.

The biggest story in the energy sector has to be the 30% decline in oil prices since June to a level not seen since the global recession cut a whopping 6% from global consumption back in 2009.

The challenge for air cargo operators to fill capacity, and the confidence to add capacity, remain the same as the demand curve for air freight services recovers.

For the fourth quarter of 2014, UPS said it anticipates adjusted diluted earnings per share of roughly $1.25, with full-year 2014 adjusted diluted earnings per share at $4.75, which represents a 3.9 percent annual gain over 2013’s adjusted earnings per share of $4.57, with full-year 2014 diluted earnings pegged at around $3.28 per share, which is 28.9 percent below 2013’s $4.61.

Article Topics

News · NAFTA · BTS · All topics

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