Tuesday, June 1, 2010
NAFTA surface transport trade up 37 percent in March
Surface transportation trade between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 37 percent higher in March 2010 than in March 2009, reaching $69.9 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.
The 37 percent increase from March 2009 to March 2010 is the largest year-over-year rise on record but freight value in March 2010 still remained 1.2 percent less than the value in March 2008, two years earlier, the BTS said.
The value of U.S. surface transportation trade with Canada and Mexico rose 17.6 percent in March 2010 from February 2010, the BTS said.
U.S.–Canada surface transportation trade totaled $42.1 billion in March, up 35.6 percent compared to March 2009. U.S.–Mexico surface transportation trade totaled $27.8 billion in March, up 39.1 percent compared to March 2009, according to the BTS.
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