Subscribe to our free, weekly email newsletter!


Freight transportation: BTS says surface trade with NAFTA partners up 18.8 percent in July

By Staff
October 01, 2010

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 18.8 percent in July 2010 compared to July 2009, increasing to $61.3 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 July was 14.5 percent below July 2008 levels even with the 18.8 percent annual increase from July 2009 to July 2010. On a sequential basis, July 2010 North American surface freight value was down 12.3 percent compared to June 2010.

And said the value of U.S. surface transportation trade with Canada and Mexico in July was up 23.3 percent compared to July 2005, and up 45.6 percent compared to July 2000. Imports in July were up 34.5 percent compared to July 2000, while exports were up 60.7 percent, according to the BTS.

The BTS said the value of U.S. surface transportation trade with Canada was up 17.1 percent year-over-year in July at $36.3 billion. Imports carried by truck were valued 12.6 percent higher in July 2010 compared to July 2009, said the BTS, and the value of exports carried by truck was up 20.8 percent. Michigan paced all states in
surface trade with Canada in June at $3.5 billion.

The value of U.S. surface transportation trade with Mexico was up 21.5 percent year over year in July at $24.9 billion. Imports carried by truck were valued 22.4 percent higher in July 2010 compared to July 2009, said the BTS, and the value of exports carried by truck was up 22.4 percent. Texas led all states in surface trade with Mexico in July at $9.2 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

Intermodal units, at 278,767 containers and trailers were up 6.7 percent compared to the same week last year and marks the third best week for intermodal ever recorded based on AAR’s data.

LM Group News Editor Jeff Berman recently conducted a wide-ranging interview with Bobby Harris, President and CEO of non asset-based 3PL BlueGrace Logistics about various aspects of the freight transportation market.

It’s small, but senior brass at YRC Worldwide will take it. After nearly seven years of continuing losses in excess of $2.6 billion, the parent of the nation’s second-largest LTL carrier posted a narrow net profit in the third quarter ended Sept. 30.

As was the case for the second quarter, third quarter earnings results for publicly-traded less-than-truckload (LTL) carriers are again strong. Signs of solid earnings results from carriers that have posted earnings to date include tonnage increases, gains in weight per shipment and average daily shipments, higher yield, and revenue per hundredweight.

While the holiday season is known to bring good tidings and cheer to all, it may also come with another thing that is not so pleasant: higher rate freights. That was the thesis of a commentary written by Mark Montague, industry pricing analyst and chief market-watcher for DAT, a Portland, Ore.-based subsidiary of TransCore.

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