Subscribe to our free, weekly email newsletter!


U.S.-NAFTA trade hits record levels in October, reports BTS

By Staff
January 07, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its U.S. trade with its North America Free Trade Agreement partners Canada and Mexico increase 4.5 percent from October 2012 to October 2013 at $103.1 billion.

BTS said this represents the first time that trade levels topped $100 billion in a month, adding that three of the five modes carried more U.S.-NAFTA trade on an annual basis in October, too, with total surface transportation trade—made up of truck, rail, and pipeline—reached an all-time high of $85.4 billion, with truck ($61.4 billion) and rail ($15.9 billion) hitting record monthly levels. The previous monthly level for total surface transportation trade was $81.7 million set in March 2013.

On an annual basis, trucks, which account for three-fifths of U.S.-NAFTA Trade, were up 3.1 percent annually in October and rail was up 7.1 percent, with vessel and air down 3.6 percent and 1.0 percent, respectively.  Pipelines were up significantly, with a 23.7 percent annual increase, due to the increase in oil prices and other petroleum products.

Trucks carried 59.5 percent of the $103.1 billion of U.S.-NAFTA trade in October 2013 accounting for $32.3 billion of exports and $29.0 billion of imports, said BTS.

Truck was followed by rail at 15.4 percent, vessels at 8.8 percent, pipeline at 7.8 percent and air at 3.8 percent. The surface transportation modes of truck, rail and pipeline carried 82.8 percent of the total NAFTA freight flows, said BTS.

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 questions for the most recent Semiannual Economic Forecast, which was released last week, included: 1-has the strength of the U.S. dollar had a negative, negligible or positive impact on their organization’s profits?; 2-has the net impact of the depressed prices of oil and related commodities been negative, negligible, or positive for their organization’s profits; and 3-how would they characterize the combined impact of their organization’s profits on the strength of the U.S. dollar and the depressed prices of oil and related commodities.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 5.8 percent on an annual basis in March to $90.5 billion.

Shippers sourcing their goods out the Port of Oakland’s largest marine terminal will soon need to make an appointment drayage providers before their cargo is released.

U.S. Carloads fell 10.6 percent at 244,290, and intermodal containers and trailers were off 6.5 percent at 262,693.

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

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