1 May 2008

NAFTA surface trade soars in February

The following article is excerpted from the 30 April 2008 edition of “Canadian Transportation & Logistics”.

Amid speculation about the future of NAFTA, the latest surface trade figures were released today, showing a 16.3% jump compared to the same month last year.

February's figures were also up 6.5% compared to January. The final NAFTA surface trade figures totaled US$69.4 billion, according to the US Department of Transportation's Bureau of Transportation Statistics.

US-Canada surface trade totaled US$45 billion in February, up 18.1% compared to February 07. The value of exports trucked from Canada to the US was up 7.1% while the value of goods moving by truck from the US to Canada increased 10.2% compared to last year.

Most trade occurred between Canada and the state of Michigan – about US$6.5 billion, to be exact….