Uber’s (NYSE: UBER) acquisition of Mexican grocery delivery startup Cornershop was approved on Monday by Mexico’s Federal Commission of Economic Competition (COFECE). The approval from COFECE was the last part of the acquisition. Terms of the deal, which gives Uber a majority stake in the company, were not disclosed. The acquisition furthers the expansion of […]
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Automotive manufacturers are building in Mexico; FedEx Express expands in Querétaro; Dunavant Distribution expands in Houston; and agents stop over 200 people being smuggled in commercial trailers.
The United States stands to prosper with more supply chain collaborations between Canada and Mexico, according to trade experts.
Volvo said Monday it has discontinued the sale of Class 8 trucks in Mexico, citing disruption caused by the COVID-19 pandemic.
The South Texas border crossings in Laredo and Pharr led the United States in imports of avocados and tomatoes from January through Wednesday.
Nuvocargo’s meteoric growth continues with four new hires aimed at expanding the company’s global reach.
The city of San Angelo, Texas, approved a deal with South Plains Lamesa Railroad to create a rail port connecting to Mexico.
FedEx Express will hire more than 6,500 employees across Mexico by the end of the year.
Truck retail sales in Mexico fell 21% for the month; exports declined 16%.
The United States is the largest steel importer in the world, buying $23.9 billion worth of raw steel in 2019.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Record-breaking Mexican blockade costs $81M; A&R Logistics expands in Houston; Mexican export bank seals $600M loan; and TA Services acquires Top Gun Freight.
Logistics professionals said to expect U.S.-Mexico border capacity to be tight the rest of the year and into 2021.
Trucks moved $33 billion worth of freight between the U.S. and Mexico in August, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics.
With less than a week to go before Election Day, analysts and CEOs weighed in on what the future may hold for trade with Mexico.
Separate protests in Mexico have been disrupting railways and highways in the Mexican states of Chihuahua and Michoacán since mid-August.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: DHL Express invests $53 million in Mexico fleet expansion; $7M in cocaine seized in Laredo; Mexico authorizes new commercial seaport in Sinaloa; Transmute raises $2 million in seed funding.
The Port of Brownsville recently received a $14.5 million grant to expand and upgrade the port’s 3 million-bushel grain elevator, including rail and road improvements.
FedEx Express will open a $12M, 193,000-square-foot logistics center in the Mexican city of León, creating 150 jobs.
The USMCA Corridor would connect rail from the Pacific Ocean in Mexico through the United States all the way to Canada.
Audi said it will allow Mexican officials to audit its Puebla plant following a dispute over tax payments.
