Subscribe to our free, weekly email newsletter!


U.S.-NAFTA trade up 6.2 percent in March, reports BTS

By Staff
May 30, 2014

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 6.2 percent from March 2013 to March 2014 at $101.5 billion.

BTS said this tally marks the second highest amount on record, trailing only October 2013. It added that U.S.-NAFTA trade has seen annual gains in 8 of the last 9 months, with January’s 0.2 percent decline the lone exception and due largely in part to severe winter weather in the northern states and Canadian border.

For individual modes, BTS said vessel freight was up 8.9 percent annually, with air up 6.7 percent, and truck up 6.3 percent. Rail freight dipped 5.2 percent.

Trucks hauled the majority of freight at 60.1 percent in March, representing $31.2 billion in exports and $29.8 billion in imports.

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

Matson, Inc., a leading U.S. carrier in the Pacific, is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services.

Josh Green, CEO of Panjiva, an online search engine with detailed information on global suppliers and manufacturers, said despite the recent trends coming out of China, it is important to remember is that on a big picture level, its impact on the global economy is big and growing.

Diesel gasoline’s average price per gallon dropped for the ninth week in a row, according to data issued by the Department of Energy’s Energy Information Administration (EIA) this week.

Citing currency exchange rates and lower fuel surcharges, second quarter revenue for transportation and logistics titan UPS dropped 1.2 percent to $14.1 billion, the Atlanta-based company reported today. Even though revenue was slightly down, earnings per share saw a 12 percent annual gain at $1.35, which was above Wall Street estimates of $1.27.

Does your organization struggle with the integration of information between your internal systems, processes and partner portals? You're not alone! Kapow Software alongside EFT has surveyed over 200 organizations regarding the importance of information access, visibility and discusses some of the major goals for supply chain and logistics organizations.

Article Topics

News · All topics

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