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

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