NAFTA surface trade surges in February
WASHINGTON, D.C. — Trade using surface transportation between Canada, the US and Mexico was 24.1% higher in February 2010 than in February 2009, reaching $59.5 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. The 24.1% increase is the largest year-over-year rise on record, but freight value still remained 14.3% less than the value in February 2008.
BTS reported that the value of US surface transportation trade with Canada and Mexico rose 4.9% in February 2010 from January 2010.
The value of US surface transportation trade with Canada and Mexico in February was up 11.0% compared to February 2005, and up 29.6% compared to February 2000. Imports in February were up 28.3% compared to February 2000, while exports were up 31.2%.
US-Canada surface transportation trade totalled $36.3 billion in February, up 21.7% compared to February 2009. The value of imports carried by truck was 6.4% higher in February 2010 compared to February 2009, while the value of exports carried by truck was 23.5% higher during this period.
Michigan led all states in surface trade with Canada in February with $5.2 billion.
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