Showing posts with label Trade. Show all posts
Showing posts with label Trade. Show all posts

Thursday, 4 April 2013

U.S. Cross-Border Rail Trade With Canada Continues to Climb

JOC Staff | Mar 29, 2013 12:30PM EDT

U.S. cross-border trade by rail with Canada through January 2013. Source: U.S. Bureau of Transportation Statistics.U.S. cross-border trade by rail with Canada

Cross-border trade by rail between the United States and Canada has been on the rise for the past eight months, according to data from the U.S. Bureau of Transportation Statistics.

U.S. rail exports to Canada jumped 5.6 percent to $2.43 billion from $2.3 billion in January 2012, although they were down almost 9 percent from the level seen in December 2012. For the full year of 2012, exports were up 11.8 percent by value over 2011.

U.S. rail imports also increased year-over-year in January 2013, rising 4.2 percent to $5.82 billion, but volume as measured by value fell .5 percent or $87 million month-to-month. The value of imports by rail from Canada rose 7.4 percent year-over-year in 2012.

Truck trade between the U.S. and Canada also increased in January after declining in December. U.S. exports by truck rose over 2 percent year-over-year and 6.6 percent month-to-month to $15.77 billion in January. In 2012 the value of exports by truck grew 3.8 percent over 2011.

The value of imports by truck from Canada rose 2.8 percent in January over the same month in 2012 to $11.29 billion; this was 11.5 percent or $1.16 billion higher than the level seen in December 2012. The value of imports by truck rose 2.5 percent year-over-year in 2012.

BTS noted in a press release last week: “The top commodity category overall transported between the U.S. and Canada by surface modes of transportation in 2012 was vehicles and vehicle parts (other than railway vehicles and parts) with $107.4 billion in trade. U.S.-Canada trade of this commodity group was split roughly even between exports and imports, reflecting the interdependency of automotive plants on both sides of the border.”


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Saturday, 30 March 2013

Customs Aims to Speed Clearance of Mexican Trade

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Wednesday, 17 October 2012

U.S. Trade Deficit Grew in August

The U.S. trade deficit grew by 4.1% in August, the Commerce Department said Thursday.

The gap between imports and exports increased to $44.2 billion, from $42.5 billion in July.

Economists had projected a $44 billion deficit, Bloomberg reported.

Imports decreased 0.1% to $225.5 billion, while exports decreased 1% to $181.3 billion.


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Wednesday, 19 September 2012

NAFTA Surface Trade Rises 6.6% in June


Larry Smith/Trans Pixs

Surface trade among the United States, Canada and Mexico rose 6.6% in June from a year ago, the Department of Transportation said Tuesday.

Trade among the North American Free Trade Agreement partners rose to $82.6 billion, DOT’s Bureau of Trade Statistics said in its monthly report.

Month-to-month trade, which is affected by seasonal factors, dropped 1.4% from May.

U.S.-Canada trade rose 5% to $48.4 billion, while U.S.-Mexico trade jumped 8.8% to $34.2 billion.

Truck imports to the United States from the two countries rose 5.7% year-over-year to $27.7 billion. Exports rose 7.6% to $29.9 billion.

Rail imports rose 16.4% to $9.4 billion and exports gained 17.2% to $5.3 billion. Pipeline imports fell 12.5% to $5.5 billion, while exports plunged 33.7% to $675 million.


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Sunday, 2 September 2012

North American surface trade climbs 8.3% year-over-year in May

WASHINGTON, D.C. -- Trade using surface transportation between Canada, the US and Mexico, was 8.3% higher in May than in May 2011, totalling $83.8 billion (not adjusted for inflation), according to the Bureau of Transportation Statistics (BTS) of the US Department of Transportation. Adjusted for inflation and exchange rates, the May total was $60.7 billion in 2004 dollars, up 11.7% from May 2011. 

BTS reported that the May value of US surface transportation trade with Canada and Mexico rose 13.0% from May 2008, six months into the recession, and 75.0% from May 2009, late in the recession.

The value of US surface transportation trade with Canada and Mexico in May increased by 72.6% compared to May 2002. Imports in May were up 62.5% since May 2002, while exports were up 85.9%.

In May, 86.5% of US trade by value with Canada and Mexico moved via land, 9.6% moved by vessel, and 3.8% moved by air.

The value of US surface transportation trade with Canada and Mexico increased 5.0% in May from April.

US-Canada surface transportation trade in May increased compared to May 2011, reaching $48.1 billion, a 4.0% increase.

In May, Michigan led all states in surface trade with Canada, at $6.5 billion, a 2.6% increase from May 2011. Of the top 10 states by value, California had the largest percentage increase over May 2011, at 29.7%.

The top commodity category transported between the US and Canada by surface modes of transportation in May was vehicles, valued at $9.5 billion.


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NAFTA Surface Trade Rises 8.2% in May


Tom Biery/Trans Pixs

Surface trade among the United States, Canada and Mexico rose 8.3% in May from a year ago, the Department of Transportation said Tuesday.

Trade among the North American Free Trade Agreement partners rose to $83.8 billion, DOT’s Bureau of Trade Statistics said in its monthly report.

Month-to-month trade, which is affected by seasonal factors, rose 5% from April. The previous month, March, had been a record, with the trade level topping $85 billion for the first time.

U.S.-Canada trade rose 4% to $48.1 billion, while U.S.-Mexico trade jumped 14.9% to $35.6 billion.

Truck imports to the United States from the two countries rose 12.3% year-over-year to $29.4 billion. Exports rose 11.6% to $30.5 billion.


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Saturday, 1 September 2012

BTS Logistics Buys Trade Show Unit

Wheaton Van Lines, which acquired Bekins Van Lines earlier this year, has spun off Bekins’ former trade show business to newly formed BTS Logistics, the company announced.

BTS, Warrenville, Ill., did not disclose terms of the transaction in which David Caruso, who also is CEO of a Bekins agency, acquired the moving company’s Bekins Tradeshow Services.

“With over 30 years of experience in moving, relocation and the tradeshow business, I am firmly committed to taking Bekins Tradeshow Services to the next level of success,” said Caruso, who heads Bekins A-1 Movers.

BTS will operate its own fleet of 68 tractors and 125 trailers, while also having the ability to use Wheaton/Bekins equipment when needed.

The trade show business accounted for more than 20% of Bekins Van Lines revenue last year, said Lance Grooms, senior vice president of BTS Logistics.

Among the services being offered are pre-show planning, the transportation, warehousing and exhibition of trade show products. In addition, distribution and installation services are offered as well.


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Sunday, 4 December 2011

U.S. Trade Deficit Narrows; Exports Hit Record


Larry Smith/Trans Pixs

The U.S. trade narrowed by 4% in September as exports climbed to a record high, the Commerce Department said Thursday.

The gap between imports and exports declined to $43.1 billion, the lowest level this year, from a revised $44.9 billion in August that was smaller than originally estimated, Commerce figures showed.

Economists had forecast the deficit to widen to $46 billion, Bloomberg reported.

Exports increased 1.4% to a record $180.4 billion, boosted by sales of industrial supplies, capital equipment, automobiles and consumer goods, Bloomberg said.

Imports rose 0.3% to $223.5 billion. Demand rose for automobiles, food and industrial supplies, but crude oil imports declined, Bloomberg said.


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