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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

U.S.-NAFTA Trade Second Best on Record

Friday, May 30, 2014 > 12:42:49
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(Today’s Trucking)
 
Trade between U.S. and its neighbors, Canada and Mexico, rose by 6.2% year-over-year in March, totalling $101.5 billion, according to a new U.S. Transportation report.
 
Trucks carried 7.2% more trade between Canada and the U.S. in March. Rail, on the other hand carried 10.5% less trade because of a 15-percent drop in imports caused by less trade of vehicles and parts.
 
Overall, trucks carried 54.3% of the $56.6 billion of freight to and from Canada, followed by rail at 15.4%. The surface transportation modes of truck, rail and pipeline carried 83.7% of the total U.S.-Canada freight flows.
 
U.S-NAFTA trade has increased year-over-year in eight of the last nine months, interrupted by a 0.2-percent drop in January, caused by severe weather in the northern states and along the U.S.-Canada border.
 
In March, trucks carried 60.1% of U.S.-NAFTA trade, accounting for $31.2 billion of exports and $29.8 billion of imports.
 
The North American Free Trade Agreement (NAFTA) started in 1994 to create free trade between Canada, the U.S. and Mexico.
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