Subscribe to our free, weekly email newsletter!


Transportation news: BTS says surface trade with NAFTA partners up 39.5 percent in May

By Staff
August 02, 2010

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 39.5 percent in May 2010 compared to May 2009, increasing to $66.8 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.

The 39.5 percent increase was the largest percentage year-over-year increase in total U.S.-NAFTA trade by surface modes, according to the BTS, and May was the third month in the last four with a record percentage year-over-year increase.

BTS officials also noted that the value of U.S. surface transportation trade with Canada and Mexico in March was up 1.5 percent in May 2010 compared to April 2010. They added that in May 86.2 percent of U.S. trade by value with Canada and Mexico moved on land.

BTS officials said the value of U.S. surface transportation trade with Canada and Mexico in May was up 15.4 percent compared to May 2005, and up 36.2 percent compared to May 2000. Imports in May were up 31.8 percent compared May 2000, while exports were up 41.8 percent, according to the BTS.

The BTS said the value of U.S. surface transportation trade with Canada was up 37.5 percent year-over-year in May at $40.2 billion. Imports carried by truck were valued 32.0 percent higher in May 2010 compared to May 2009, said the BTS, and the value of exports carried by truck was up 34.5 percent. Michigan paced all states in
surface trade with Canada in May at $5.5 billion, matching April’s performance.

And the value of U.S. surface transportation trade with Mexico was up 42.7 percent year over year in May at $26.6 billion. Imports carried by truck were valued 36.1 percent higher in May 2010 compared to May 2009, said the BTS, and the value of exports carried by truck was up 43.2 percent. Texas led all states in surface trade with Mexico in May at $9.4 billion, which was slightly ahead of April.

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 Coalition for Transportation Productivity (CTP)called on Congress to take a close look at data recently issued by the Department of Transportation (DOT) in its “Comprehensive Truck Size and Weight Limits Study, ” and focus on reforming Interstate vehicle weight limits for six-axle trucks.

A recent report published by The Boston Consulting Group (BCG) and the Grocery Manufacturers Association makes clear the supply chain challenges consumer packaged goods (CPG) shippers are up against, with some of these challenges, specifically transportation-related ones, gaining traction in recent years.

Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk. Using the precise metrics captured in Armstrong’s most recent study, he'll demonstrate how shippers can measure ROI and plan for the future.

At $2.832 per gallon, the average price per gallon was down 1.1 cents, following drops of 1.6 and 1.1 cents the previous two weeks and a cumulative 8.2 cent cumulative drop over the last six weeks.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.0 in June, which edged out May by 0.3 percent.

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