Subscribe to our free, weekly email newsletter!


BTS says surface trade with NAFTA partners up 13.8 percent annually in December 2010

By Staff
March 01, 2011

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 13.8 percent in December 2010 compared to December 2009, increasing to $66.5 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).

The BTS said that the value of U.S. surface transportation trade with Canada and Mexico in December was up 12.6 percent compared to December 2005, and up 48.6 percent compared to December 2000, a period of 10 years. Imports in December were up 41.9 percent compared to December 2000, while exports were up 57.7 percent.

Surface transportation, according to the BTS, is comprised mainly of freight movements by truck, trail, and pipeline, and nearly 90 percent of U.S. trade by value with Canada and Mexico moves by land. According to the BTS 89.6 percent of U.S. trade by value with Canada and Mexico moved on land.

BTS officials said that the value of U.S. surface transportation trade with Canada and Mexico in December was 2.2 less than November 2010, and in December 84.8 percent of U.S. trade by value with Canada and Mexico moved on land.

The BTS said the value of U.S. surface transportation trade with Canada was up 12.2 percent year-over-year in December at $39.8 billion. Imports carried by truck were valued 17.7 percent higher in December 2010 compared to December 2009, said the BTS, and the value of exports carried by truck was up 10.4 percent. Michigan paced all states in surface trade with Canada in December at $4.7 billion.

The value of U.S. surface transportation trade with Mexico was up 16.3 percent year over year in December at $26.8 billion. Imports carried by truck were valued 16.3 percent higher in December 2010 compared to December 2009, said the BTS, and the value of exports carried by truck was up 18.7 percent. Texas led all states in surface trade with Mexico in December at $9.5 billion, snapping a three-month stretch in which Texas trade with Mexico by surface modes topped $10 billion.

For related articles, please click here.

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

APICS and ASTL said they have signed off on an agreement in which AST&L will merge with APICS upon ratification by an AST&L member vote.

The average price per gallon of diesel rose 4.3 cents to $2.854 per gallon, following gains of 3.1 cents and 2.6 cents, respectively, the previous two weeks for a cumulative ten cent gain over the last three weeks.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.8 in April which was 1.3 percent above March and also 0.5 percent above the 12-month average of 57.3. Economic activity in the non-manufacturing sector has grown for the last 63 months, according to ISM.

Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.

So far, so good may be the best way to describe the current state of progress in the negotiating process regarding the announcement made last month by FedEx that it plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion.

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