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Rail News: Rail Industry Trends

Value of goods moving between NAFTA nations rises in '08 despite November, December falls


Last year, the value of trade goods moving by rail, truck or pipeline between the United States and Canada and Mexico reached $829.9 billion, up 4.1 percent compared with 2007’s total, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.

In December, surface transportation trade value totaled $52.9 billion, down 13.1 percent compared with December 2007 — the second-straight month the value fell more than 13 percent on a year-over-year basis. U.S.-Canada trade value dropped 17 percent to $32.9 billion and U.S.-Mexico trade value dipped 6 percent to $20 billion.

Railed imports between the three nations in December were valued at $5.2 billion, down 26.3 percent, while railed exports were valued at $3 billion, down 21.5 percent year over year.

The value of railed imports and exports between the United States and Canada plunged 31.2 percent to $3.5 billion and 26.9 percent to $1.7 billion, respectively. The value of railed imports and exports between the United States and Mexico fell 14.4 percent to 1.8 billion and 13.5 percent to $1.3 billion, respectively.

Contact Progressive Railroading editorial staff.

More News from 3/4/2009