Subscribe to our free, weekly email newsletter!


BTS says surface trade with NAFTA partners up 15.5 percent annually in November 2010

By Staff
February 01, 2011

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 15.5 percent in November 2010 compared to November 2009, increasing to $68.1 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 November was up 8.2 percent compared to November 2005, and up 36.7 percent compared to November 2000, a period of 10 years. Imports in November were up 29.7 percent compared to November 2000, while exports were up 45.8 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 12.6 percent year-over-year in November at $39.5 billion. Imports carried by truck were valued 11.5 percent higher in November 2010 compared to November 2009, said the BTS, and the value of exports carried by truck was up 12.6 percent. Michigan paced all states in surface trade with Canada in August at $4.5 billion.

The value of U.S. surface transportation trade with Mexico was up 19.7 percent year over year in November at $28.6 billion. Imports carried by truck were valued 22.4 percent higher in November 2010 compared to November 2009, said the BTS, and the value of exports carried by truck was up 21.9 percent. Texas led all states in surface trade with Mexico in November at $10.3 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

Almost all companies today are aware of their labor or material costs... but what about energy consumption? It all comes down to having the energy data needed to determine what actions you must take to improve. The payoff is worth it, as insight into energy data allows you to make more valuable, relevant operating decisions.

With lower energy prices sparking domestic economic gains, coupled with solid manufacturing and industrial production activity, improving jobs numbers, and a GDP number that shows progress, there is, or there should be, much to be enthused about when it comes to the economy and the economic recovery, which has been raised and discussed and dissected from basically every angle possible, it seems. But that enthusiasm regarding the economy needs to be tempered, because big headline themes seldom tell the full story at all really.

The annualized turnover rate for large truckload carriers in the third quarter rose one percentage point to 97 percent, according to the ATA.

The Pacific Maritime Association (PMA), representing employers at 29 ports, and the International Longshore and Warehouse Union (ILWU), which represents 20,000 dockworkers, have come to a tentative agreement on a key issue in ongoing contract negotiations.

Diesel prices continued their ongoing decline, with the average price per gallon falling 6.7 cents to $2.866 per gallon, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA).

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