Thursday, May 28, 2009 - Trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was 27.9 percent lower in March 2009 than in March 2008, dropping to $51.1 billion, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation (Table 1). March was the third consecutive month with a yearly decline of greater than 27 percent.
The value of U.S. surface transportation trade with Canada and Mexico rose 6.5 percent in March 2009 from February 2009. Month-to-month changes can be affected by seasonal variations and other factors.
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 88 percent of U.S. trade by value with Canada and Mexico moves on land.
The value of U.S. surface transportation trade with Canada and Mexico in March was down 9.3 percent compared to March 2004, and up 17.4 percent compared to March 1999, a period of 10 years. Imports in March were up 11.9 percent compared to March 1999, while exports were up 24.3 percent.
For the complete press release, pleasew visit the Bureau of Transportation Statistics online at
http://www.bts.gov/press_releases/2009/bts027_09/html/bts027_09.html
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