Wednesday, May 2, 2012

US Surface Freight Figures show Rise in Truck, Rail Cargo etc.

17.4% Jump in Land Borne Totals
Shipping News Feature

US – MEXICO – CANADA - Trade using surface transportation between the United States and its North American neighbours, Canada and Mexico, was 17.4% higher in February 2012 than in February 2011, totalling $78.1 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation continuing the growth seen in the sector recently following the downturn three years ago. Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones, and other.

 In February, 87.4% of U.S. trade by value with Canada and Mexico moved via land, 8.7% moved by vessel, and 3.9% moved by air. U.S.-Canada and U.S.-Mexico surface transportation trade in February 2012 both increased compared to February 2011 with U.S.-Canada reaching $45.4 billion, a 13.7% increase, and U.S.-Mexico reaching $32.7 billion, a 23.0% increase.

BTS, a part of the Research and Innovative Technology Administration (RITA), reported that the February 2012 value of U.S. surface transportation trade with Canada and Mexico, the United States’ North American Free Trade Agreement (NAFTA) partners, rose 12.6% from February 2008, which was two months after the start of the recession, and 63.0% from February 2009, in the middle of the recession.

The value of U.S. surface transportation trade with Canada and Mexico in February has now risen 87.3% compared to February 2002, a period of 10 years. Imports in February were up 75.9% since February 2002, while exports were up 102.8%.