Subscribe to our free, weekly email newsletter!


BTS says surface trade with NAFTA partners up 17.4 percent annually in February 2012

By Staff
May 03, 2012

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 17.4 percent in February 2012 compared to February 2011 at $78.1 billion.

BTS said that the value of U.S. surface transportation trade with Canada and Mexico in February was up 12.6 percent compared to February 2008—two months ahead of the official start of the recession—and up 63.0 percent from February 2009. And it was up 87.3 percent compared to January 2002. February imports were up 75.9 percent and exports were up 102.8 percent during the same period.

Surface transportation, according to the BTS, is comprised mainly of freight movements by truck, trail, and pipeline, mail and Foreign Trade Zones, and nearly 90 percent of U.S. trade by value with Canada and Mexico moves by land. According to the BTS 87.4 percent of U.S. trade by value with Canada and Mexico moved on land in February, with 8.7 percent moving by vessel, and 3.9 percent by air.

The BTS said the value of U.S. surface transportation trade with Canada and Mexico in February was up 3.4 percent from January.

And the annual value in February was up year-over-year. U.S.-Canada surface transportation trade at $45.4 billion was up 13.7 percent. Michigan paced all states in surface trade with Canada in February at $5.9 billion for an 18.2 percent annual gain.

The value of U.S. surface transportation trade with Mexico was up 23.0 percent year over year in February at $32.7 billion. Texas led all states in surface trade with Mexico in February at $11.7 billion, up 29.3 percent annually.

The BTS recently reported that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 14.3 percent in 2011 compared to 2010, increasing to $904 billion.

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

The dark side of the “Amazon effect” and larger impact made by the explosive growth in e-commerce may soon be seen when organized labor prepares of a massive air cargo strike.

During this webcast our panelist offer logistics and supply chain professionals a “reality check” when it comes to our current state of understanding, adoption, and utilization of the technological tools that are available to improve our operations.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 55.7 in April (a level of 50 or higher indicates growth), which was up 1.2 percent compared to March, with economic activity in the non-manufacturing sector growing for the 75th consecutive month.

Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.

Regardless of capacity, pricing, or the economy, trucking industry regulations are never far from the freight transportation limelight. That is especially evident when it comes to the federally mandated hours-of-service (HOS) regulations. As usual, the current state of HOS remains somewhat fluid. And the reason for that has to do with legislation coming from the Senate Transportation Appropriations legislation that is currently being considered by the Senate.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA