According to the U.S. Transportation Department, $101.5 billion was the value of U.S.-NAFTA trade in March 2014, which is the second best record amount. The increase is 6.2% since March 2013. The only higher result was in October 2013.
Pipeline transportation grew this March in comparison with March 2013 by 25.2%, trucking – by 6.3%, while rail declined by 5.2%. Trucking remains the main method of transportation, as it carries 60.1% of the trade. This means $31.2 billion in exports and $29.8 billion in imports.
For U.S.-Canada trade, trucking rose by 2.7%, while rail declined by 10.5%. Trucking used for transporting U.S.-Mexico trade jumped by 10.2%. The overall increase in trade with Mexico is 8.8%, with the biggest part of it transported by trucks.
Category: Commercial Bonds