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

The U.S. Department of State maintained Thailand’s Tier 3 ranking, the lowest category, in its annual Trafficking in Persons (TIP) Report, which was released this week.

During this webcast we'll explore how supply chain execution convergence (SCEC) helps break down the barriers resulting from disparate, fragmented technology solutions allowing you to more effectively serve customers, adapt to changing business cycles, and save both money and resources.

Between a consumer-led revolution, competition from Amazon, international sourcing, and port shutdowns, retail supply chains are challenged like never before. A new e-book and self-assessment tool offer benchmarks and insights into how supply chains can keep up with the retail consumer.

The report, entitled “U.S. Freight Transportation Forecast to 2026, which is drafted by ATA and IHS Global Insight, calls for a 28.6 percent hike in annual freight tonnage, as well as a 74.5 percent gain in freight revenues to $152 trillion in 2026.

During this webcast experts will uncover how an industry first automated technology tool can fill the gaps in the shipment assignment processes, and optimize your transportation network for the lowest possible cost.

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