Subscribe to our free, weekly email newsletter!


BTS says surface trade with NAFTA partners up 24.3 percent annually in 2010

BTS officials said the 24.3 percent annual increase is the largest annual increase for the time it has been collecting this data
By Staff
March 17, 2011

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 24.3 percent in 2010 compared to 2009, increasing to $791 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).

BTS officials said the 24.3 percent annual increase is the largest annual increase for the time it has been collecting this data.

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 86.2 percent of U.S. trade by value with Canada and Mexico moved on land in 2010, and total North American surface transportation trade value in 2010 was up 13.4 percent compared to 2005 and up 37.5 percent compared to 2000.

But despite the increase, the value of North American surface trade in 2010 is below 2007 and 2008 levels, according to the BTS. And it added that total North American surface transportation exports in 2010 were up 25.1 percent over 2009, with exports up 23.3 percent annually.

BTS said the value of U.S. surface transportation trade with Canada was up 22.1 percent year-over-year in 2010 at $471 billion. Imports carried by truck were valued 17.3 percent higher in 2010 compared to December 2009, said the BTS, and the value of exports carried by truck was up 21.8 percent. Michigan paced all states in surface trade with Canada in December at $60.7 billion.

The value of U.S. surface transportation trade with Mexico was up 27.6 percent year over year in 2010 at $320.3 billion. Imports carried by truck were valued 26.5 percent higher in annually, said the BTS, and the value of exports carried by truck was up 24.3 percent. Texas led all states in surface trade with Mexico in 2010 at $114.5 billion, marking the first time that a state has had more than $100 billion in trade with Mexico by surface modes of transportation in a calendar year.

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

AAR reported that June intermodal volume–at 1,117,149 containers and trailers–was up 3.7 percent, or 39,797 units, annually, which now stands as the highest-volume rail intermodal month ever recorded, according to AAR data.

This is the 26th edition of this report, which is based on monthly data from TIA member companies who submit real operating data and respond to questions on business conditions impacting the 3PL sector.

Key sanctions are unlikely to be fully removed until Congress lifts the U.S. embargo on Cuba – something unlikely to take place before 2018 when incumbent president Raúl Castro is expected to step down

The PMI, the ISM’s index to measure growth inched up 0.7 percent to 53.5 over May’s 52.8. This reading marks sequential growth for the third month in a row, which was preceded by five months of sequential declines.

Foreign direct investment has never been more important in catalyzing growth, whether in the developed or developing world. Although equity markets around the world have largely recovered since the financial crisis, global capital flows have contracted sharply.

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