trade

Mexico’s trucking industry a world apart

BANFF, AB - Mexico has clearly realized the benefits of the North American Free Trade Agreement. The southernmost member of the trading block is now Canada's third-largest trading partner, behind only the U.S. and China. "It has been good to us. It has been good to our economy," says Rogelio F. Montemayor Morineau, president of the 5,000-member Canacar - Mexico's national trucking association, referring to the trade deal. It has clearly played a role in the Canadian economy, too.

Trump, Trudeau commit to pre-clearance, Gordie Howe Bridge

TORONTO, ON - The inaugural meeting between U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau resulted in a joint statement by the two leaders. And while the statement didn't mention NAFTA, it did mention the importance of deepening the relationship between Canada and the U.S. The statement touches on some issues pertaining to the trucking industry, namely the quick completion of the Gordie Howe International Bridge in Detroit, which is cited as a vital economic link between the two countries. In addition, it commits to implementing pre-clearance operations for cargo.

Exports and imports rose in December

OTTAWA, ON - Canada recorded a trade surplus for the second consecutive month in December, with exports up 0.8% on the strength of higher energy products, and imports up 1%, largely on increases in aircraft and industrial machinery, Statistics Canada reports. But in terms of volumes, exports were down 1.4% because of drops in metal ores, non-metallic minerals, motor vehicles and parts. Import volumes were up 0.4%, based largely on industrial machinery, equipment and parts.

U.S. Canada Freight Movements Post Steep Drop

WASHINGTON, D.C. -- The value of freight moving between Canada and the U.S. posted a steep decline in June, according to newly released figures from the U.S. Transportation Department. It fell 10.3 percent from June 2014, totaling US$52 billion, as all modes of transportation carried a lower value of U.S.-Canada freight than a year earlier. A possible recession in Canada got the blame from the department for the decrease in freight flows. The decline in overall U.S. imports and exports with Canada were each down 10.3 percent from a year earlier as well. U.S. truck freight imports from Canada by value did show a 7.9 percent increase over the past year but U.S. truck exports to Canada by value fell 6.1 percent during the same time. This led to total a total decline of 0.2 percent in U.S.-Canada freight flows by value for the month.

Canada Directs $16.5 Million to Western Freight Movements

OTTAWA - The Canadian government on Wednesday announced it will spend approximately $16.5 million on nine transportation infrastructure improvement projects in British Columbia to help freight more efficiently. All are for Canada's Asia-Pacific Gateway, an investment and policy initiative focused on increasing trade with the Asia-Pacific region by improving the region's network of seaports, airports, railways, roadways and border crossings across Western Canada. According to Transport Canada, these new projects will reduce bottlenecks, address capacity issues and enhance the efficiency of the transportation system in moving goods, services and people to and from the fast-growing Asia-Pacific economies.