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

Company says the Cloud offering allows customers to respond more quickly to new business opportunities, without significant upfront cost and implementation times.

As e-commerce continues to take a bigger piece of the holiday package delivery pie, it stands to reason that companies need to be proactive and prepared in order to deliver premium service during the busiest time of year, which is rapidly approaching. And that is exactly what transportation giants UPS and FedEx are doing this year. How are they doing it exactly? The primary step they are taking is to up their numbers of seasonal staffers.

A recent hearing of the Subcommittee on Coast Guard and Maritime Transportation suggests that the U.S. Merchant Marine industry may be poised for a major comeback.

Spot market freight volumes for the month of August remained elevated compared to seasonal norms, according to data issued this week Portland, Oregon-based freight marketplace platform and information provider DAT.

Factors such as rising freight rates, shrinking capacity, an increased desire for global supply chain visibility, have all worked together to drive the need for instituting a culture of continuous improvement in logistics operations and transportation management systems (TMS). To meet today's complex logistics challenges, managers are stepping into a more streamlined, automated approach to transportation management in order to function at optimal levels both domestically and internationally. Read the latest special report.

Article Topics

News · All topics

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