North American surface trade falls 2.1% in October
WASHINGTON, D.C. — Trade using surface transportation between the Canada, the US and Mexico was down 2.1% in October compared with the same period in 2007, reaching $72.7 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation.
The North American surface transportation trade rose 1.2% in October from September. Month-to-month changes can be affected by seasonal variations and other factors, according to BTS.
Surface transportation consists largely of freight movements by truck, rail and pipeline.
The value of US surface transportation trade with Canada and Mexico in October was up 38.8% compared to October 2003, and up 74.9% compared to October 1998. Imports in October were up 75% compared to October 1998, while exports were up 74.8%.
US-Canada surface transportation trade totalled $44.8 billion in October, down 6.1% compared to October 2007. The value of imports carried by truck was 17.5% lower in October 2008 compared to October 2007, while the value of exports carried by truck was 9.5% lower.
Michigan led all states in surface trade with Canada in October with $5.3 billion.
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