NAFTA Trade Continues to Grow
By Splatty • Nov 21st, 2007 • Category: Misc Logistics
2006 saw a record number of shipments cross our Northern and Southern borders. Trade between the U.S., Mexico increased 10% over 2005’s numbers to a record $866 billion.
The vast majority of the trade between NAFTA partners was carried by trucks (62 percent). Rail freight was the second most favorite mode of transport at 15 percent. Busiest port of entry/exit was the Windsor-Detroit border crossing, with US$115 billion in road shipments.
In the last few years, I have seen many logistics companies bolster their operations at the borders by implementing teams and regions dedicated to the Northern and Southern border. Forwarders trying to secure a piece of the pie have setup warehouses, transload facilities, customs brokerage operations, and key partnerships to service the needs of importers and exporters.
With talk of the , look for this trend to continue over the next couple of years.
Stumble it!
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