The big topics in the industry today are all related to the free trade agreements and NAFTA surface trade. This includes the current status of Canadian traffic and the new pilot program of a cross-border trucking agreement with Mexico.
Looking to calm concerns over moves to allow Mexican trucking companies to operate in the US, officials say up to 1300 Mexican companies already may be running trucks in the country under authority granted as far back as 1987.
Railroads are expanding their share of the North America freight market in non-traditional areas, with Canadian railroads becoming increasingly competitive in the US, eastern railroads returning to their roots on the East Coast and western railroads building inland logistics hubs and going after export cargoes.
Business groups rushed to praise new efforts to approve long-stalled free trade agreements with South Korea, Colombia and Panama, and urged on Wednesday lawmakers to work to make passage a bipartisan effort.
Opponents of a new cross-border trucking program with Mexico fear it will draw thousands of Mexican truckers into the US, threatening American jobs. The pilot project’s backers are concerned that the program won’t attract enough Mexican carriers to make it viable or statistically valid as a study.
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 12.1 percent in April 2011 compared to April 2010, coming in at $73.8 billion.
A few weeks ago, House Majority Leader Eric Cantor published his list of bills the House will attempt to get through before the August recess. The transportation reauthorization was not among them.
One of the top items on the Federal Motor Carrier Safety Administration’s agenda over the next five years is to expand its influence over shippers and receivers.
Rising prices and other inflationary pressure could reduce corporate profits by up to 9 percent in 2011 and 2012, according to new research from the Hackett Group, a global strategic business advisory firm.
– Ben Dundas, Web Analyst
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