Every January, the global automobile industry gathers in the Motor City for the North American International Auto Show (NAIAS). In a celebration of ingenuity, companies display futuristic concept cars, present cutting-edge technologies, and promote their latest offerings.
After autos and auto parts, energy commodities are the largest category of traded goods in North America. The energy industry in North America is both highly integrated and interdependent. As a region, we have achieved energy self-sufficiency and have become a global energy powerhouse because we trade with one another.
Many important developments in the region’s energy market have reshaped the industry. The NAFTA renegotiation may be the chance to move closer to the goal of free trade and investment in the North American energy sector.
Pull into a camp ground and you’ll find tremendous variety among recreational vehicles (RVs) parked there. Around eighty percent of them were made Elkhart County, Indiana. Today, less than 10 percent of U.S. RV production is exported, but the industry is finding opportunity in some surprising new markets including China, the United Arab Emirates, Korea and Thailand.
Driverless trucks will someday revolutionize shipping, with the potential to lower costs and improve safety. But what will happen to trucking jobs?
On the average day, approximately $2.4 billion worth—2 million tons—of goods move between the United States, Canada, and Mexico. Co-production of world-class products made has given North America an advantage over other regions in the world.