Authorities in Mexico reported more than 8,000 incidents of stolen cargo trucks and trailers in 2022.
This week in Borderlands: Houston’s MacroFab raises $42M to capitalize on nearshoring shift; Tesla expected to begin production of Cybertruck in Texas in 2023; Nike to open a major logistics center in Dallas; and Dana Inc. to open a new factory in Mexico.
Mexico exported 157,522 heavy-duty trucks to the U.S. in 2022, an 18% year-over-year increase.
This week in Borderlands: Port Laredo was the No. 2 gateway for international trade in November; Tesla acquired a massive logistics center near Houston; the Port of Brownsville set a record for steel cargo tonnage; and First Call Logistics launched a Texas logistics hub.
Mexican authorities reported a total of 1,181 cargo theft incidents across the country in November.
This week in Borderlands: Canada remains top US trading partner ahead of Mexico; Texas group acquires heavy-haul carrier United Vision Logistics; GM plans to expand electric vehicle production in Mexico; and Chinese manufacturer announces first plant in Mexico.
Locus is expanding its workforce and solution offerings for Mexico’s booming e-commerce market.
This week in Borderlands: Xometry CEO predicts expanded manufacturing in US; Costa Rica pushes to join USMCA trade pact; Texas port in negotiations for large-scale green ammonia plant; and $900K in meth seized at Laredo port of entry.
Freight forwarder MTM Logix recently received a private equity investment aimed at capitalizing on companies nearshoring to the Americas.
Trade between the U.S. and Mexico will continue to expand in 2023 as more factories and logistics operations move south of the border.
