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Rail News: Rail Industry Trends
3/12/2008
Rail News: Rail Industry Trends
Value of goods transported between U.S., NAFTA partners reached record level in '07, USDOT says
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The value of goods moving via ground transportation between the United States and Canada and Mexico in 2007 reached a record $797 billion, up 4.9 percent compared with 2006's level, according to the U.S. Department of Transportation's Bureau of Transportation Statistics.
However, last year's growth rate is lower than the rate achieved in 2006, when the total value of trade moved by truck, rail and pipeline increased 8.9 percent vs. 2005. Still, '07 North American surface transportation trade bested 2002's total value by 47.4 percent and 1997's total value by 87.2 percent.
Ground-transported imports last year rose 4.2 percent and exports increased 5.8 percent compared with 2006 levels. The value of exports ($267.4 billion) and imports ($287.4 billion) moved by trucks — which continued to handle the lion's share of traffic — increased 3.9 percent and 4 percent, respectively, year over year. The value of railed exports ($44.8 billion) jumped 12.8 percent and railed imports ($93 billion) rose 4.4 percent.
The value of '07 surface transportation trade between the United States and Canada totaled $511 billion, up 4.6 percent compared with 2006's level. Railed exports (valued at $25.5 billion) jumped 13.4 percent and railed imports ($66 billion) rose 4.3 percent, while trucked exports ($174.3 billion) and imports ($150.4 billon) increased 6.1 percent and 0.4 percent, respectively.
The value of '07 surface transportation trade between the United States and Mexico reached $286 billion, up 5.3 percent compared with 2006's total. Railed exports (valued at $19.3 billion) jumped 12 percent and railed imports ($27 billion) rose 4.6 percent, while trucked exports ($93 billion) and imports ($137 billon) increased 0.1 percent and 8.4 percent, respectively.
However, last year's growth rate is lower than the rate achieved in 2006, when the total value of trade moved by truck, rail and pipeline increased 8.9 percent vs. 2005. Still, '07 North American surface transportation trade bested 2002's total value by 47.4 percent and 1997's total value by 87.2 percent.
Ground-transported imports last year rose 4.2 percent and exports increased 5.8 percent compared with 2006 levels. The value of exports ($267.4 billion) and imports ($287.4 billion) moved by trucks — which continued to handle the lion's share of traffic — increased 3.9 percent and 4 percent, respectively, year over year. The value of railed exports ($44.8 billion) jumped 12.8 percent and railed imports ($93 billion) rose 4.4 percent.
The value of '07 surface transportation trade between the United States and Canada totaled $511 billion, up 4.6 percent compared with 2006's level. Railed exports (valued at $25.5 billion) jumped 13.4 percent and railed imports ($66 billion) rose 4.3 percent, while trucked exports ($174.3 billion) and imports ($150.4 billon) increased 6.1 percent and 0.4 percent, respectively.
The value of '07 surface transportation trade between the United States and Mexico reached $286 billion, up 5.3 percent compared with 2006's total. Railed exports (valued at $19.3 billion) jumped 12 percent and railed imports ($27 billion) rose 4.6 percent, while trucked exports ($93 billion) and imports ($137 billon) increased 0.1 percent and 8.4 percent, respectively.
