NAFTA trade reaches new heights (January 01, 2008)
January 1, 2008
WASHINGTON, D. C. - Canada-US freight shipments reached record levels in 2006, according to the latest stats published by the US Department of Transportation's Bureau of Transportation Statistics (BTS...
WASHINGTON, D. C. –Canada-US freight shipments reached record levels in 2006, according to the latest stats published by the US Department of Transportation’s Bureau of Transportation Statistics (BTS).
More than $866 billion in goods were shipped across the US borders with Mexico and Canada in 2006, a 9.7% increase over the previous record set in 2005.
About 475 million tonnes of freight crossed borders between North American nations, the statistics report. US trade with Canada and Mexico increased by more than US$252 billion (41.1%) between 2001 and 2006.
The value of freight shipments between the US, Canada and Mexico grew at an average rate of nearly 7.1% per year between 2001 and 2006. Goods shipped in trade between the US and Canada surged 40.2% over this period.
Trucks were responsible for hauling 62% of this freight, with rail getting 15% of the pie.
Trucking enjoyed the largest modal increase in shipment value from 2005 to 2006 at US$43 billion.
Not surprisingly, the Windsor-Detroit border crossing was the busiest, with US$115 billion in road shipments passing through in 2006.
For a more detailed statistical analysis, visit http://nats. sct. gob. mx/. •
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