09.30.2009
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| NAFTA losing streak continues in July, down 28%
NAFTA losing streak continues in July, down 28% Quote: 
The value of U.S. surface transportation trade with Canada and Mexico in July was up 7.2 percent compared to July 2004, and up 38.1 percent compared to July 1999, a period of 10 years. Imports in July were up 30.1 percent compared to July 1999, while exports were up 48.6 percent.
WASHINGTON — Trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 28 percent lower in July 2009 than in July 2008, dropping to $51.5 billion in the seventh consecutive month with a year-to-year decline of greater than 27 percent, according to the Bureau of Transportation Statistics (BTS) of the U.S. Department of Transportation.
BTS, a part of the Research and Innovative Technology Administration, reported that the value of U.S. surface transportation trade with Canada and Mexico rose 1.6 percent in July from June. Month-to-month changes can be affected by seasonal variations and other factors, BTS notes.
Surface transportation consists largely of freight movements by truck, rail and pipeline. About 88 percent of U.S. trade by value with Canada and Mexico moves on land.
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