Mexico, Port Laredo remain on top for US trade in August
Mexico dominated U.S. trade in August as cross-border freight and goods surged to $74.4 billion.
Mexico dominated U.S. trade in August as cross-border freight and goods surged to $74.4 billion.
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The Port of Los Angeles edged out Laredo, Texas, as the No. 1 U.S. trade gateway in July, while Mexico was the top U.S. trade partner for the month.
Mexico accounted for a record $415 billion in U.S. trade through the first six months of 2024.
This week in Borderlands: Mexico, Port Laredo remain on top for US trade; WeFreight expands operations into Mexico; cross-border carrier acquires 140 Navistar tractors; and nearly 50 pounds of cocaine seized from cargo ship in Texas.
This week in Borderlands: Port Laredo ranks No. 1 for U.S.-Mexico agricultural trade; RJW Logistics to open shipping hub near Dallas; major logistics facility set for Nuevo Laredo; and Japanese air conditioning manufacturer investing $300M in Mexico.
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.
This week in Borderlands: Texas fleets seek foreign drivers to solve labor shortage; Nuvocargo names new head of engineering; Union Pacific-sponsored training center to open in New Mexico; and Mexican resident pleads guilty in double-brokering scheme.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico remains top US trade partner; second USMCA labor complaint lodged at Mexican factory; Hyliion expands Texas headquarters; and avocado imports from Mexico up 26%.
Border agents say Mother’s Day week is one of their busiest for inspecting agriculture-related imports.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo’s bridge master plan aims to boost Mexico trade; German automaker invests $72 million in San Luis Potosí; Transmontes orders 75 Freightliner trucks; El Paso opens route for trucks headed to Mexico.
Port Laredo finished on top of the rankings for U.S. exports for the second straight year, totaling $80 billion during 2020.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo gets its third cold storage inspection facility; a Texas trucking company is acquired by Phoenix Logistics; SE-Freight gets 30 Kenworth trucks; and Revere Plastics acquires a Mexican factory.
China is again the top trading partner of the United States, with trade totaling $59.6 billion for October.
Port Laredo’s top three imports were motor vehicle parts, passenger vehicles and heavy-duty trucks.
Two-way trade at Port Laredo fell 19% to $126.49 billion through the first eight months of the year, dropping the port to No. 4 for border crossings in 2020.
The ongoing US-China trade spat and subsequent US tariffs on $500 billion of Chinese goods has catapulted Mexico back to No. 1.
Imports of auto parts, passenger cars and commercial trucks into Texas ports declined 23% through the first six months of the year.
Port Laredo saw 33% fewer truck crossings in May, while the the Del Rio-Acuña port of entry fell 41%; the Brownsville port of entry declined 36%.
Mexico’s exports to the United States totaled $23.4 billion in April, a 41% decline compared to April 2019.