Third-party logistics providers and retail companies are helping to keep Mexico’s trucking industry afloat, according to Armstrong & Associates’ report “Trucking in Mexico: Navigating the Opportunity.”
Trucking in Mexico totaled $60 billion in 2016, according to a new report released by Armstrong & Associates titled “Trucking in Mexico: Navigating the Opportunity.”
The report cites the “proximity to the United States, low wages, increases in manufacturing competencies and retail investments throughout Mexico” as the reasons why the Mexican trucking industry stays afloat.
The report also notes that the influx of 3PL companies and retail companies like Walmex (Wal-Mart de Mexico SAB) has had a large impact on the trucking market. In particular, trucking is the first choice for companies like Walmex because ocean transit cannot react as quickly to consumer demands as truckload transits can, according to the report.
Currently, the Mexico trucking market is divided into intra-Mexico and cross-border import/export trucking with the United States, with the busiest cross-border port being Laredo, Texas, said the report.
“Trucking in Mexico remains complex and heavy with requirements, but there are many 3PL providers that have the process down to a science. This report summarizes the market opportunity and identifies the key players and the process by which to follow,” said Richard Armstrong, chairman of Armstrong & Associates.
The report can be purchased through Armstrong & Associates’ website.
Report: 3PLs playing larger role in Mexico trucking
