DAILY NEWS Jan 8, 2013 1:51 PM - 0 comments

North American surface trade volumes up nearly 8% in October

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WASHINTON, D.C. -- Trade using surface transportation between Canada, the US, and Mexico, rose 7.9% year-over-year in October, totalling $85.3 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation.

BTS reported that the October value of US 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 US surface transportation trade with Canada and Mexico in October increased by 71.8% compared to October 2002. Imports in October were up 60.1% since October 2002, while exports were up 87.2%.

In October, 86.5% of US trade by value with Canada and Mexico moved via land, 9.5% moved by vessel, and 4.0% moved by air.

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

In October, US-Canada trade reached $48.4 billion, a 4.3% increase. Michigan led all states in surface trade with Canada, at $6.8 billion in current dollars. The top commodity category transported between the US and Canada by surface modes of transportation in October was vehicles, valued at $9.8 billion in current dollars.

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