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The Surety Bond Blog

25
Mar
2014

In 2013 Trucks Moved $679 Billion in Goods Between NAFTA Member Countries

jack satta (fnb) / Foter / CC BY-NC-ND

According to data provided by the Department of Transportation’s Bureau of Transportation Statistics, in 2013 the trucking industry moved $679 billion worth of goods between the U.S., Canada and Mexico. This is more than half of the total of $1.138 trillion in transported goods between the countries of the NAFTA agreement for that same year.

Even though the total share of NAFTA trade saw a light decrease (0.002 percent) compared to 2012, the amount of goods transported by truck grew by 2.2 percent. Going back in time, we can see that in 2013 trucking “moved 49.4 percent more NAFTA goods than in 2009″.

Both trade with Canada and Mexico grew by 2.6 percent, but trucking’s share of trade was different in the two countries. In Canada it fell by 1.1 percent, while in Mexico it grew by 3.8 percent.

Michigan ($74.6 billion) and Illinois ($60 billion) were the states with the highest share of trade with Canada. Trade with Mexico, on the other hand, was led by Texas ($195.7 billion) and California ($60.2 billion).

Read the full article at the Commercial Carrier Journal.

Comments (2)

Category: Commercial Bonds, Freight Broker Bonds

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2 Responses

  1. Are bonds need when you operate under your own authority in the trucking industry, those this also cover the freight.If your contract through a company is it also needed.

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