Tuesday, September 01, 2009

Surface trade with Canada and Mexico down 31.5% in year

Written by 

Trade using surface transportation between the U.S. and its NAFTA partners Canada and Mexico was down 31.5% in June 2009 from June 2008, the sixth straight month with a year-to-year decline greater than 27%, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.

The value of U. S. rail imports dropped 47.2% to $4.3 billion. Exports declined 40.1% to $2.7 billion.

Motor carrier imports dropped 26.8% to $17.9 billion, with exports down 23.9% to $18.9 billion.

Pipeline imports declined 50.5% to $3.7 billion, while exports dropped 50.6% to $219 million.

U.S.–Canada surface transportation trade totaled $31.0 billion in June, down 36.6% compared to June 2008.

U.S.–Mexico surface transportation trade totaled $19.7 billion, down 21.8%.