Automation, Process Enhancements by Customs Helps U.S. Increase Trade, Travel, and Revenue in 2014
January 23rd, 2015
The 2014 trade and travel statistics recently released by the U.S. Department of Homeland Security show increases over 2013 levels in the areas of: international travel to the U.S. (374 million people +4%), containers processed at U.S. ports (25.7M +4.5%), total value of trade processed ($1.6 trillion +4%), and revenue collected ($34B +2%). Average wait times at the top 10 U.S. airports were down 13%.
These figures can be in part attributed to the expansion of trusted-trader and trusted-traveler programs that use advance data to manage risk, as well as the expansion of automated processing technology for both cargo and passengers.