Saturday, January 20, 2018

NAFTA trade up 37 percent in March


Tuesday, June 1, 2010
The 37.0 percent increase from March 2009 to March 2010 is the largest year-over-year rise on record but freight value in March 2010 still remained 1.2 percent less than the value in March 2008, two years earlier.
The 37.0 percent increase from March 2009 to March 2010 is the largest year-over-year rise on record but freight value in March 2010 still remained 1.2 percent less than the value in March 2008, two years earlier.

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 37.0 percent higher in March 2010 than in March 2009, reaching $69.9 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.

The 37.0 percent increase from March 2009 to March 2010 is the largest year-over-year rise on record but freight value in March 2010 still remained 1.2 percent less than the value in March 2008, two years earlier.

BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico rose 17.6 percent in March 2010 from February 2010. Month-to-month changes can be affected by seasonal variations and other factors. 

U.S.–Canada surface transportation trade totaled $42.1 billion in March, up 35.6 percent compared to March 2009. U.S.–Mexico surface transportation trade totaled $27.8 billion in March, up 39.1 percent compared to March 2009. 

Surface transportation consists largely of freight movements by truck, rail and pipeline. In March, 86.9 percent of U.S. trade by value with Canada and Mexico moved on land.

See BTS Transborder Data Release for summary tables, state rankings and additional data. See North American Transborder Freight Data for historic data.

Kevin Jones of The Trucker staff may be reached to comment at kevinj@thetrucker.com.

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