Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring to continue boosting cross-border trucking in 2024; Careismatic Brands to close Dallas distribution hub, lay off 404 employees; ITS Logistics to open office in Fort Worth; and Aztema begins construction of $240M tire plant in Mexico.
Nearshoring to continue boosting cross-border trucking in 2024
With ongoing economic tensions between the United States and China, companies looking to relocate parts or all of their supply chains continue to look to Mexico, according to data compiled by Uber Freight.
The managed transportation and freight technology provider recently released its “Q2 Market Update & Outlook Report,” which discusses the biggest economic trends impacting supply chains.
The report sees continued resilience in cross-border trade between the U.S. and Mexico, boosted by nearshoring.
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Blackhawks Down
Mexico will be the epicenter of growth for the foreseeable future for many NA providers.
Jorge Canavati
Foreign Direct Invest and re-shoring are two separate animals