28.1 C
New York

Cross Border Surface Trade Up Nearly 8 Percent in Oct.


Cross Border Commerce Good TruckingTrade using surface transportation between the United States and its North American Free Trade Agreement partners, Canada and Mexico, rose 7.9% in October 2012 compared to October 2011.

Trade totaled $85.3 billion, unadjusted for inflation, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. Adjusted for inflation and exchange rates, the October 2012 total was $61.7 billion in 2004 dollars, up 7.6% from October 2011.

BTS, a part of the Research and Innovative Technology Administration, reported that the October 2012 value of U.S. surface transportation trade in current dollars with Canada and Mexico rose 38.9% from October 2009, shortly after the end of the last recession .

The value of U.S. surface transportation trade with Canada and Mexico in October increased by 71.8% compared to October 2002, a period of 10 years. Imports in October were up 60.1% since October 2002, while exports were up 87.2%.

Surface transportation includes freight movements by truck, rail, pipeline, mail, other modes of transport, and goods moving into Foreign Trade Zones. In October, 86.5% of U.S. trade by value with Canada and Mexico moved via land, 9.5% moved by vessel, and 4% moved by air.

See which US state did the most cross border trading at Trucking Info online.>>>



Get the hottest daily trucking news

This Week in Trucking