Subscribe to our free, weekly email newsletter!


BTS says surface trade with NAFTA partners up 14.9 percent annually in October 2010

By Staff
January 05, 2011

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 14.9 percent in October 2010 compared to October 2009, increasing to $70.6 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 October was up 10.3 percent compared to October 2005, and up 36.4 percent compared to October 2000, a period of 10 years. And imports in October were up 28.0 percent compared to October 2000, while exports were up 47.5 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 October was 2.9 percent below October 2008 levels despite an annual increase from October 2009 to October 2010. On a sequential basis, U.S. surface transportation trade with Canada and Mexico was up 3.3 percent in October compared to September.

The BTS said the value of U.S. surface transportation trade with Canada was up 12.7 percent year-over-year in October at $40.7 billion. Imports carried by truck were valued 11.6 percent higher in October 2010 compared to October 2009, said the BTS, and the value of exports carried by truck was up 13.7 percent. Michigan paced all states in surface trade with Canada in August at $5.3 billion.

The value of U.S. surface transportation trade with Mexico was up 18.8 percent year over year in October at $29.9 billion. Imports carried by truck were valued 17.2 percent higher in October 2010 compared to October 2009, said the BTS, and the value of exports carried by truck was up 13.8 percent. Texas led all states in surface trade with Mexico in October at $10.9 billion, marking the third straight month that Texas trade with Mexico by surface modes topped $10 billion, according to the 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

Seasonally-adjusted (SA) for-hire truck tonnage in March was up 1.1 percent on the heels of a revised 2.8 percent (from 3.1 percent) February decline, with the SA index at 133.5 (2000=100). This is off 0.3 percent from the all-time high for the SA of 135.8 from January 2015 and is up 5 percent annually.

Intermodal volume was up 8.1 percent annually at 280,016 containers and trailers. This outpaced the week ending April 11 at 270,463 and the week ending April 4 at 271,127. AAR said this tally marks the second highest weekly output it has ever recorded as well as the first time container and trailer traffic was higher than carloads for a one-week period.

Ocean cargo carrier service reliability across the three core East-West trades hit a five-month peak in March with an aggregate on-time performance of 64 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

The Airforwarders Association, which represents more than 360 companies that move air cargo through the supply chain, today applauded an agreement reached by Congressional leaders to advance legislation giving the President authority to conclude key global trade agreements.

Despite great opportunity for growth, the logistics market in Latin America is lagging behind other emerging markets thanks in part to its notoriety for corruption, violence, poor infrastructure and government bureaucracy.

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