January 2012 Surface Trade with Canada and Mexico Rose 11.5%
from 2011
Trade using surface transportation between the U.S. and its North American neighbors, Canada and Mexico, was 11.5% higher in January 2012 than in January 2011, totaling $75.5 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
BTS, a part of the Research and Innovative Technology Administration, reported that the January 2012 value of U.S. surface transportation trade with Canada and Mexico rose 15.9% from January 2008, which was one month after the start of the recession, and 59.2% from January 2009, in the middle of the recession.
The value of U.S. surface transportation trade with Canada and Mexico in January increased by 82.8% compared to January 2002, a period of 10 years. Imports in January were up 72.7% since January 2002, while exports were up 96.5%.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones and other. In January, 86.3% of U.S. trade by value with Canada and Mexico moved via land, 9.8% moved by vessel, and 3.9% moved by air. By all modes of transportation, U.S.-Canada trade and U.S.-Mexico trade accounted for 16.2% and 12.8%, respectively, of total U.S.-world trade in January 2012.
U.S.-Canada and U.S.-Mexico surface transportation trade both increased compared to January 2011 with U.S.-Canada reaching $44.1 billion, a 9.6% increase, and U.S.-Mexico reaching $31.4 billion, a 14.3% increase.
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Trade using surface transportation between the U.S. and its North American neighbors, Canada and Mexico, was 11.5% higher in January 2012 than in January 2011, totaling $75.5 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
BTS, a part of the Research and Innovative Technology Administration, reported that the January 2012 value of U.S. surface transportation trade with Canada and Mexico rose 15.9% from January 2008, which was one month after the start of the recession, and 59.2% from January 2009, in the middle of the recession.
The value of U.S. surface transportation trade with Canada and Mexico in January increased by 82.8% compared to January 2002, a period of 10 years. Imports in January were up 72.7% since January 2002, while exports were up 96.5%.
Surface transportation includes freight movements by truck, rail, pipeline, mail, Foreign Trade Zones and other. In January, 86.3% of U.S. trade by value with Canada and Mexico moved via land, 9.8% moved by vessel, and 3.9% moved by air. By all modes of transportation, U.S.-Canada trade and U.S.-Mexico trade accounted for 16.2% and 12.8%, respectively, of total U.S.-world trade in January 2012.
U.S.-Canada and U.S.-Mexico surface transportation trade both increased compared to January 2011 with U.S.-Canada reaching $44.1 billion, a 9.6% increase, and U.S.-Mexico reaching $31.4 billion, a 14.3% increase.
Please feel free to comment to any of the posts on this blog. The intent is to start discussions on the subject content. If you have articles for post or comments about the blog in general please contact: Thank you Preferred Logistics----------- www.preferredlogistics.biz
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