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Rail News: Rail Industry Trends
11/20/2008
Rail News: Rail Industry Trends
Freight shipments between U.S., Canada, Mexico hit record high in 2007
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In 2007, goods valued at a record $909 billion crossed between the United States, Canada and Mexico, a 4.9 percent increase compared with 2006, according to the U.S. Department of Transportation's Bureau of Transportation Statistics.
As measured by dollar value, trucks carried 61 percent of the freight, followed by rail (15 percent), pipelines (8 percent), maritime (7 percent) and air (4 percent).
The value of rail trade between the United States and Canada totaled $91 billion, up 5 percent compared with 2006. The value of rail trade between the United States and Canada totaled $46 billion, up 6 percent.
Between 2002 and 2007, U.S. merchandise trade with Canada and Mexico has skyrocketed 50.6 percent.
As measured by dollar value, trucks carried 61 percent of the freight, followed by rail (15 percent), pipelines (8 percent), maritime (7 percent) and air (4 percent).
The value of rail trade between the United States and Canada totaled $91 billion, up 5 percent compared with 2006. The value of rail trade between the United States and Canada totaled $46 billion, up 6 percent.
Between 2002 and 2007, U.S. merchandise trade with Canada and Mexico has skyrocketed 50.6 percent.
