NAFTA Trade Sees Record Drop in February
Surface transportation between the United States, Canada and Mexico through the NAFTA agreement, fell by 30.9 % in February ‘09 compared to the same time in ‘08. This resulted in the largest year to year percentage drop on record, according to the Bureau of Transportation Statistics.
Dropping to $47.9 Billion, February was the fourth consecutive month showing a yearly decline that was greater than 13%. Imports solely transported through trucking, showed a decline of 29.3%, while exports dropped by 23.6%.
Allen
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