Wednesday, June 2, 2010

NAFTA Freight Shipping Revenues Record Highest Ever Jump

Year on Year Figure Leaps 37%
Shipping News Feature

US – CANADA – MEXICO – Trade figures released this week by the Bureau of Transportation Statistics (BTS) make interesting reading. The rise in traffic compared with last year during March 2010 for the three North Atlantic Free Trade Agreement partners was an astonishing 37% hitting just short of $70 billion. This represents the largest year on year rise for surface freight (road transport, rail freight and pipeline transfer) ever recorded but is shadowed a little by the fact that the value of goods moved cross border was down 1.2% against 2008’s high.

In March, 86.9 percent of U.S. trade by value with Canada and Mexico moved on land. The value of U.S. surface transportation trade with Canada and Mexico in March was up 17.7 percent compared to March 2005, and up 33.6 percent compared to March 2000, a period of 10 years. Imports in March were up 31.8 percent compared to March 2000, while exports were up 35.8 percent.

BTS is part of the U.S. Department of Transportation, the TransBorder Freight Data is a unique subset of official U.S. foreign trade statistics released by the U.S. Census Bureau. New data are tabulated monthly and historical data is not adjusted for inflation. March TransBorder numbers include data received by BTS as of the 12th May.

A full analysis of the NAFTA trade statistics can be found HERE.