North American surface trade up 4.5% from last year
WASHINGTON, D.C. — Trade using surface transportation between Canada, the US and Mexico was 4.5% higher in August 2008 than in August 2007, reaching $72.3 billion, according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation.
The value of US surface transportation trade with Canada and Mexico rose 0.9% in August from July. Month-to-month changes can be affected by seasonal variations and other factors.
Surface transportation consists largely of freight movements by truck, rail and pipeline.
About 88% of US trade by value with Canada and Mexico moves on land. The value of US surface transportation trade with Canada and Mexico in August was up 60.5% compared to August 2003, and up 101.9% compared to August 1998. Imports in August were up 107.5% compared to August 1998, while exports were up 95.2%.
US-Canada surface transportation trade totalled $46.8 billion in August, up 8.6% compared to August 2007. The value of imports carried by truck was 6.1% lower in August 2008 than August 2007, while the value of exports carried by truck was 1.0% higher. Michigan led all states in surface trade with Canada in August with $5.8 billion
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.