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Increased Trade Spurs Growth in North American Freight Transportation
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2007-05-01
[PDF-486.62 KB]
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Abstract:Freight Transportation between the United States and our North American Free Trade Agreement partners – Canada and Mexico – continues to grow at a strong pace. In 2006, the U.S. transportation system carried goods for export worth $364 billion and imports worth $502 billion in trade with Canada and Mexico. Transporting this merchandise requires an enormous amount of transportation equipment – trucks, railcars, aircraft, pipeline, and maritime vessels plus millions of containers. Between 1996 and 2006, U.S. merchandise freight with our NAFTA partners more than doubled in value, increasing from $419 billion to $866 billion. In 2006, imports accounted for over half (58 percent) of this freight activity, slightly up from 55 percent in 1996. Growth in this trade, whether outbound exports or inbound imports, results in higher levels of international freight movement and the demand for expanded freight transportation services in the United States.
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Main Document Checksum:urn:sha256:0963ff66b0812b688f37df03ae6060dd0176c9dc56f8bb098f399735cd7d2dd0
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