U.S.-NAFTA Trade Sets Record in October 2013; Breaks $100 Billion for First Time
Trade between the U.S. and its NAFTA partners Mexico and Canada reached an all-time high of $103 billion in October 2013, according to freight statistics from the Bureau of Transportation Statistics. That total, which is up 4.5 percent from a…
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year earlier, marks the first time U.S.-NAFTA trade as broken the $100 billion barrier, said BTS. Truck and rail cargo also set records in October, with truck cargo up 3.1% over the past year to $61.4 billion, and rail cargo up 7.1% to $15.9 billion. Total U.S.-NAFTA vessel trade was down 3.6% since October 2012, but vessel traffic registered the largest increase of any single mode for U.S.-Canada trade over the past year, said BTS.