BTS says surface trade with NAFTA partners up 37.6 percent in June
in the NewsBehind KION Group’s acquisition of Dematic UniCarriers Americas executives partner with Roosevelt University Brexit impact yet to be measured by U.S. logistics managers Rail carload and intermodal volumes fall for the week ending June 18, reports AAR BTS reports U.S.-NAFTA trade falls 3.2 percent in April More News
Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 37.6 percent in June 2010 compared to June 2009, increasing to $69.9 billion, according to data released by the United States Department of Transportation’s Bureau of Transportation Statistics (BTS).
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 86.6 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 June was 5.8 percent below June 2008 levels even with the 37.6 percent annual increase from June 2009 to June 2010. On a sequential basis, June 2010 North American surface freight value was up 4.6 percent compared to May 2010.
And said the value of U.S. surface transportation trade with Canada and Mexico in June was up 17.5 percent compared to June 2005, and up 38.0 percent compared to June 2000. Imports in June were up 33.7 percent compared to June 2000, while exports were up 43.4 percent, according to the BTS.
The BTS said the value of U.S. surface transportation trade with Canada was up 35.5 percent year-over-year in June at $42.0 billion. Imports carried by truck were valued 35.8 percent higher in June 2010 compared to June 2009, said the BTS, and the value of exports carried by truck was up 34.2 percent. Michigan paced all states in
surface trade with Canada in June at $5.9 billion.
And the value of U.S. surface transportation trade with Mexico was up 41.0 percent year over year in June at $27.8 billion. Imports carried by truck were valued 37.9 percent higher in June 2010 compared to June 2009, said the BTS, and the value of exports carried by truck was up 34.5 percent. Texas led all states in surface trade with Mexico in June at $9.9 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!
WMS Update: What do we need to run a WMS? Supply Chain Software Convergence: Synchronization Realized View More From this Issue