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VOL. 123 | NO. 44 | Tuesday, March 4, 2008

NAFTA Freight Trade Rose in 2007

AP

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WASHINGTON (AP) - Trade via trucks, trains and pipelines between the U.S. and its North American Free Trade Agreement partners rose last year, but December's tally remained below recent record levels.

The Transportation Department said Monday that surface-transportation trade between the U.S. and Canada and Mexico rose 3.1 percent to $60.9 billion in December compared with the same month in 2006. November's total was $70.35 billion and October's tally was a record $74.25 billion, according to the department's Bureau of Transportation Statistics.

For all of 2007, trade rose 4.9 percent to $797.3 billion.

Surface transportation consists largely of freight moved through trucks, rails and pipelines. About 90 percent of U.S. trade by value with Canada and Mexico moves on land.

Imports rose 1.7 percent to $34.5 billion, and exports of $26.41 billion represented a 5 percent increase compared with December 2006.

Trade with Canada rose 3.7 percent to $39.61 billion in December, while trade with Mexico rose 2.1 percent to $21.29 billion, according to the government data.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
FORECLOSURE NOTICES 0 39 1,673
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650
BUSINESS LICENSES 40 125 3,564
UTILITY CONNECTIONS 30 139 4,122
MARRIAGE LICENSES 12 91 2,270

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