Thursday, October 4, 2012

Mexico is Hot, Canada a Little Cooler

U.S surface trade growth with Mexico outpaces trade gains with Canada.

With European markets continuing to stagger, and even the Chinese economic juggernaut cooling down, it’s worth remembering that some of the United States’ most vital and stable trading partners share thousands of miles of land border, and no oceangoing transportation is needed to send goods back and forth.

Surface transportation trade between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, rose 4.6 percent year-over-year in July, the most recent month for which statistics are available, totaling $75.7 billion, the Federal Bureau of Transportation Statistics reported.

U.S. trade by surface transportation with Mexico has increased at a faster pace than trade with Canada. U.S.-Canada and U.S.-Mexico surface transportation trade in July 2012 both increased compared to July 2011, with U.S.-Canada trade reaching $42.9 billion, a 1.0 percent increase, and U.S.-Mexico trade reaching $32.7 billion, a 9.7 percent increase. All modes of surface transportation showed increases, with only pipelines, primarily for oil and natural gas, showing decreases year-over-year, reported the BTS. Read the whole report here:  http://www.bts.gov/press_releases/2012/bts045_12/html/bts045_12.html

While a 90-day extension in ILA negotiations has eased fears of a pre-holiday longshoremen’s strike closing East and Gulf Coast ports, trading within NAFTA also offers tariff and customs advantages. Whether for sourcing parts and products, or a market for finished goods, a “good neighbor” policy can pay dividends.

REMINDER: Inventory Planning Webinar
Our inventory planning webinar is scheduled for 11am on Wednesday, Oct 10th. To reserve your spot, send an email to webinar@totalogistix.com.


Kirk Shearer
President
TOTALogistix
www.totalogistix.com
800-989-0054 x103



No comments: