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10/31/2008



Rail News: Rail Industry Trends

Value of U.S. goods ground transported in North America climbs in August, USDOT says


In August, the value of trade moved via surface transportation modes between the United States and Canada and Mexico totaled $72.3 billion, up 4.5 percent compared with August 2007’s total, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

The value of U.S. trade also rose 0.9 percent vs. July’s total. About 88 percent of U.S. trade by value with Canada and Mexico moves via rail, truck and pipeline.

The value of railed imports jumped 18.7 percent to $8.4 billion and value of railed exports increased 3.9 percent to $4.7 billion vs. July totals. However, railed imports fell 1.6 percent while exports climbed 30.5 percent vs. August 2007 totals.

The value of trucked imports totaled $24.7 billion and trucked exports totaled $23.4 billion, down 0.5 percent and up 0.7 percent, respectively, vs. July totals. On a year-over-year basis, trucked imports declined 7.1 percent and trucked exports increased 2.3 percent.

The value of ground-transported goods between the United States and Canada in August reached $46.8 billion, up 8.6 percent compared with August 2007’s total. Railed imports between the countries rose 4.4 percent to a value of $5.8 billion and railed exports jumped 41.4 percent to a value of $2 billion.

The value of ground-transported goods between the United States and Mexico in August totaled $25.5 billion, down 2.4 percent compared with August 2007’s total. Railed imports between the countries dropped 14.7 percent to a value of $2.6 billion while railed exports climbed 17 percent to a value of $1.6 billion.


Contact Progressive Railroading editorial staff.

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