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Rail News: Rail Industry Trends
1/6/2011
Rail News: Rail Industry Trends
Value of goods moving between NAFTA nations soared nearly 15 percent in October
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In October, the value of trade moved by surface transportation modes between the United States, Canada and Mexico was $70.6 billion, a 14.9 percent increase compared with October 2009, according to the U.S. Department of Transportation's Bureau of Transportation Statistics.
However, the value of U.S. trade with Canada and Mexico moved by rail, truck and pipeline remained 2.9 percent below the October 2008 level.
The value of freight moved in October between the United States and Canada totaled $40.7 billion, up 12.2 percent year over year. Railed imports were valued at $4.9 billion, up 17.9 percent; railed exports were valued at $2.2 billion, up 27.6 percent.
The value of freight moved between the United States and Mexico totaled $29.9 billion, an increase of 18.8 percent year over year. Railed imports were valued at $2.7 billion, up 27.1 percent; railed exports were valued at $1.9 billion, an increase of 17.4 percent.
However, the value of U.S. trade with Canada and Mexico moved by rail, truck and pipeline remained 2.9 percent below the October 2008 level.
The value of freight moved in October between the United States and Canada totaled $40.7 billion, up 12.2 percent year over year. Railed imports were valued at $4.9 billion, up 17.9 percent; railed exports were valued at $2.2 billion, up 27.6 percent.
The value of freight moved between the United States and Mexico totaled $29.9 billion, an increase of 18.8 percent year over year. Railed imports were valued at $2.7 billion, up 27.1 percent; railed exports were valued at $1.9 billion, an increase of 17.4 percent.