N.A. surface trade surges nearly 20% in January
WASHINGTON, D.C. — Trade using surface transportation between Canada, the US and Mexico was 19.5% higher in January 2011 than in January 2010, reaching $67.7 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation.
BTS reported that the value of US surface transportation trade with Canada and Mexico in January rose 42.7% in two years from January 2009, which at $47.5 billion had the lowest amount of trade of any month since January 2004. Trade value in January was up 4.0% from the early recession level of January 2008.
Freight value in January rose 1.8% from December. In January, 85.1% of US trade by value with Canada and Mexico moved on land, 10.7% moved by vessel and 4.3% moved by air.
The value of US surface transportation trade with Canada and Mexico in January was up 10.7% compared to January 2006, and up 46.2% compared to January 2001. Imports in January were up 36.6% compared to January 2001, while exports were up 59.6%.
US-Canada surface transportation trade totalled $40.3 billion in January, up 17.8% compared to January 2010. Michigan led all states in surface trade with Canada in January with $5.0 billion.
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