Surface trade in the US rises nearly 8 percent in October

Monday, 07 January 2013 01:31:44 (GMT+3)   |   San Diego
       

Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners, Canada and Mexico, rose 7.9 percent in October 2012 compared to October 2011, totaling $85.3 billion, unadjusted for inflation, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. Adjusted for inflation and exchange rates, the October 2012 total was $61.7 billion in 2004 dollars, up 7.6 percent from October 2011.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 percent of U.S. trade by value with Canada and Mexico moved via land, 9.5 percent moved by vessel, and 4.0 percent moved by air.

The value of US surface transportation trade with Canada and Mexico increased 9.8 percent in October 2012 from September 2012.

US-Mexico October 2012 trade reached $36.9 billion, a 13.1 percent increase from October 2011, while US-Canada trade was $48.4 billion, a 4.3 percent increase.


Similar articles

US-NAFTA freight value rises 10.5 percent in November

26 Jan | Steel News

Value of US-NAFTA freight up 3.6 percent in September

22 Nov | Steel News

US-NAFTA freight value increases 9.4 percent in May

27 Jul | Steel News

Value of US-NAFTA freight rises 0.8 percent in April

22 Jun | Steel News

US-NAFTA freight value increases 10.9 percent in March

23 May | Steel News

US-NAFTA freight value increases 2.9 percent in February

28 Apr | Steel News

NAFTA freight totals $93.3 billion in April

26 Jun | Steel News

US rail traffic increases in September

06 Oct | Steel News

Port of Houston sees record steel shipments in July

28 Aug | Steel News

Extreme ice formations limit iron ore shipments on US Great Lakes in March

14 Apr | Steel News