NAFTA Trade

When the U.S., Canada and Mexico implemented the North American Free Trade Agreement in 1994, it opened the door for open trade by ending tariffs on various goods and services and creating an even playing field for the three markets. Today, agricultural goods such as eggs, corn and meats; manufactured products such as auto parts; and raw materials such as steel and lumber flow freely across the borders, primarily by truck and rail.

The U.S. exported more than $280 billion in goods to Canada in 2011, making its northern neighbor the largest source for outgoing products.  U.S. imports, at more than $315 billion, make Canada the second-largest source of inbound goods after China.

Exports to and imports from Mexico set record highs in 2011, with exports reaching $198.4 billion and imports hitting $262.9 billion.

The combined $1.1 trillion in combined trade among the three partners make NAFTA the second-largest trade bloc in the world, second only to the 27-member European Union.

News & Analysis

25 Jul 2016
TransForce's package division increased sales 6 percent, but its trucking business struggled in the second quarter.
21 Oct 2015
Historically plentiful Mexican truck capacity could tighten thanks in large part to a cross-border exchange rate that’s been driving up the price of equipment for smaller Mexican carriers, industry executives warn
18 Oct 2015
With a two-phase expansion of its container facilities, Mexico's top automotive gateway says it is taking aim at competitors in the U.S. such as the Port of Houston.
15 Sep 2015
The acquisition of regional package carrier Eastern Connections expands Dicom's footprint in the Northeast and complements the Montreal-based company's efforts to build a multimodal North American transportation network.
25 Aug 2015
The number of trucks crossing the U.S. border is on the rise, as Laredo, Texas, set a new record for truck crossings in the second quarter. Slower economic growth in the U.S., however, masks some of the gains.
04 Aug 2015
The value of major global transportation acquisitions jumped 50 percent in the second quarter and rose 16 percent from the first quarter, as trucking and logistics firms reached across borders to buy their way into new markets and expand services.

Commentary

Trucking companies facing a new Canadian eManifest deadline should follow these five steps to prepare for the rules and avoid fines and border delays.