NAFTA Surface Trade Shows A Declining Trend
Posted in Trucking News on November 3, 2009
The US Department of Transportation has confirmed that surface transportation trade among US; Canada and Mexico have seen a down ward trend of 24.9 % in comparison to last year. Reports claim that the figures have dropped to $ 54.3 billion.
The truckers have also seen a decline in the sales of trucks in the US. The truck imports in the US dropped 19.8 % to $18.4 billion from a year earlier while exports decreased 16.1 % to $20.1 billion. However reports claim that the trade has seen an increasing trend from August and it rose 5.3% in comparisons to July figures.
Surface transportation trade in Canada fell to $32.9 billion a sharp decline of 29.6%. The value of truck imports fell by 26.1% while exports declined by 17%.
US – Mexico has also witnessed a downward trend to $21.3 billion i.e. almost 16.2%. The value of truck imports fell by 13.5% while the exports declined by 14.7%.
Surface transport largely comprises of freight movements by truck, rail and pipeline. It is estimated that 88% of the US trade among NAFTA partners use the land route.
