Trucks Carry the Most of the Increasing U.S.-NAFTA Trade

Michael Carter UK / Foter / Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

According to new data from the U.S. Transportation Department, truck and pipeline were the most used modes in the increasing U.S.-NAFTA trade.

Truck trade increased with 2.6%, while pipeline grew only by 0.1% in February. The other modes, air, rail and vessel, all declined by different percentages. Surface transportation such as truck, rail and pipeline took care of 82.2% of all NAFTA freights.

54.4% of the freight trade with Canada was transported by trucks. 15.6% was transported by rail and 13.2% by pipeline. 83.1% of all U.S.-Canada trade was transported by surface modes.

As for trade with Mexico, trucks were used to transport 66.4% of all freight. Vessel and rail follow with 13.7%, while air and pipelines are much less used. 81% of all U.S.-Mexico trade was carried by surface transport.

Read the full article at Truckinginfo. 

NAHB: Positive Outlook on the Housing Market / Foter / Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

According to the 2014 National Association of Home Builders (NAHB) Spring Construction Forecast Webinar, a variety of factors will contribute to the improvement of the housing market throughout the year. These include a stronger economy, good mortgage rates and decent house prices. There are some restraining factors as well, such as more expensive resources, not so easily available credit and labor shortage.

Mortgage rates are expected to reach 5% by the end of the year and 6% by the end of 2015. The projection is based on the current data that shows steady economic improvement.

In the construction area, remodeling, sales and new starts are increasing. As for the finances, banks have plenty of reserves currently, which they would like to lend to consumers. As for the housing recovery, the stats are very different across the states, but the general trend is a positive one.

Read the full article at the National Mortgage Professional Magazine.