The dollar value of U.S. surface trade with Canada and Mexico rose 11 percent in June to $77.5 billion, the Bureau of Transportation Statistics said Tuesday.
That’s a 52.7 percent increase from June 2009, when the economic recovery was just beginning, and a 4.6 percent increase over June 2008 — the previous high mark.
The June figures reflect increased international trade this year with customers and suppliers on both sides of the U.S. border, despite a faltering domestic economy. Trucking companies such as FedEx Freight, Swift Transportation and Averitt Express are expanding on both sides of the U.S. border as freight flow increases.
U.S.-Canada surface trade reached $46.1 billion in June, a 9.7 percent year-over-year increase, and U.S.-Mexico trade hit $31.4 billion, a 12.8 percent increase.
The value of NAFTA trade increased only 0.3 percent, however, from May. Since April, that value has increased 5 percent, and it is up 14.5 percent since January.
In June, 85.5 percent of U.S. trade by value with Canada and Mexico moved via land — truck, rail and pipeline — 10.3 percent by vessel, and 4.2 percent by air.
The value of U.S. exports increased slightly faster than that of imports, rising 11.8 percent year-over-year compared with a 10.3 percent increase for imports.
Trucks accounted for 70 percent of that freight by value, or $53.9 billion. Railroads handled $12.5 billion in cross-border trade, and $7.4 billion moved by pipeline.