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Rail News: Rail Industry Trends
Surface transportation trade value shot up in February, BTS says
In February, the value of trade moved by surface transportation modes between the United States and Canada and Mexico totaled $78.1 billion, up 16.4 percent compared with February 2011, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Trade value also rose 3.4 percent from January’s level.
Surface transportation includes freight movements by rail, truck, pipeline, mail, Foreign Trade Zones and other modes. In February, 87.4 percent of U.S. trade by value with Canada and Mexico moved via land, 8.7 percent by vessel and 3.9 percent by air. On a year-over-year basis, the value of railed imports climbed 19.5 percent to $8.7 billion and the value of railed exports jumped 26.7 percent to $4.7 billion.
The value of trade moved by surface transportation modes between the United States and Canada in February reached $45.4 billion, up 13.7 percent. The value of railed imports climbed 16.2 percent to $5.7 billion and the value of railed exports soared 26 percent to $2.6 billion.
The value of trade moved by surface transportation modes between the United States and Mexico in February totaled $32.7 billion, up 23 percent year over year. The value of railed imports jumped 26.5 percent to nearly $3 billion and the value of railed exports shot up 27.6 percent to $2.2 billion.
For more BTS surface transportation data from February, follow this link.
Contact Progressive Railroading editorial staff.