Surface transportation trade among NAFTA partners falls to five-year low in January

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In January, the value of goods moved via surface transportation modes between the United States and Canada and Mexico totaled $47.5 billion, a 27.2 percent plunge compared with January 2008’s total and the largest year-over-year decline on record, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics. January’s total also represented the lowest monthly amount since January 2004.

On a month-over-month basis, the value of goods moved by rail, truck and pipelines fell 10.3 percent from December’s level.

U.S.–Canada surface transportation trade in January totaled $29 billion, down 31.1 percent vs. January 2008. U.S.–Mexico surface transportation trade totaled $18.5 billion, down 20 percent.

For more surface transportation trade data, follow this link.