U.S.-Canada trade tops pre-9/11 levels

WASHINGTON — The amount of goods transported across U.S. borders in trade with Canada and Mexico set a new record in 2004, exceeding a previous high set in 2000 — the last full year before the Sept. 11, 2001 terrorist attacks.

According to data released by the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) on the North American Transportation Statistics (NATS) online database, the U.S. traded $712 billion in goods with Canada and Mexico in 2004, topping the previous high of $654 billion in 2000 by $58 billion.

The 2004 trade level was a 13 percent increase from 2003 when $629 billion was traded. Trade in 2004 was up 18 percent from the low of $604 billion in 2002.

Trucks carried almost two-thirds of this freight measured by value — $453 billion in 2004. Rail carried 15 percent, followed by maritime with 6 percent, and air and pipeline with 5 percent each. Freight transported by trucks represented the largest modal increase in value from 2003 to 2004 up $49 billion, followed by rail up $12 billion and maritime up $8 billion.

The value of freight shipments moving between the United States, Canada and Mexico has risen 88 percent since 1995, growing at an average rate of 7 percent per year. Since 1995, the total value of U.S. freight shipments with Mexico has grown 146 percent or almost 11 percent annually. Trade with Canada grew 64 percent or almost 6 percent annually.

A product of the North American Transportation Statistics Interchange established in 1991, the NATS database provides three-country comparative information on transportation activity and its impact.

— Via Truckinginfo.com