Trade among North American Free Trade Agreement partners using surface transportation fell for the sixth consecutive month in March. It dived more than 27 percent for the third month in a row, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation.
The value of U.S. surface transportation trade with Canada and Mexico was 6.5 percent higher than in February, but that month showed a 30.9 percent difference with the year before, the year’s steepest decline. The global recession knocked trade in March 2009 down 27.9 percent compared with March 2008. The total value of goods transported by truck, rail and pipeline dropped to $51.1 billion.
U.S.–Canada surface transportation trade totaled $31 billion in March, down 34.2 percent compared to March a year ago. The value of imports carried by truck was 26.8 percent lower in March 2009 compared to March 2008, while the value of exports carried by truck was 25.1 percent lower during this period.
U.S.–Mexico surface transportation trade totaled $20 billion in March, down 15.1 percent compared to last March. The value of imports carried by truck was 15.5 percent lower in March 2009 than March 2008 while the value of exports carried by truck was 6.4 percent lower.
Contact Thomas L. Gallagher at firstname.lastname@example.org.