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.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: CFI expands cross-border services; Prent Corp. picks New Mexico for expansion; $2.7 million worth of marijuana found in toilet shipment; Texas DPS opens new truck inspection facility.
Mexican President Andrés Manuel López Obrador announced 39 infrastructure projects, including highways, ports, bridges and water treatment plants.
Railway blockades reportedly are costing the Mexican economy more than $18 million a day.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Seko Logistics to open new hub in Dallas; China firm opens $10 million auto parts plant in Mexico; medical device firm expands in Reynosa; Nippon Express opens new facility in Guanajuato.
Officials in the Mexican city of Reynosa announced a ban on trucks using city bridges starting Sept. 24.
Mexico registered its third consecutive monthly trade surplus in August, led by exports of cattle, tomatoes and automotive products.
Longer truck wait times at Otay Mesa were reportedly caused by changes to customs requirements by Mexican officials.
“Forager: Manically focused on cross-border with tech” was the topic of a virtual fireside chat at American Shipper’s Global Trade Tech summit.
CBP’s expansion project at the Pharr Port of Entry in South Texas is aimed at speeding up commercial agriculture processing.
Some U.S. importers worry the Trump administration’s actions could lead to new tariffs or other restrictions.
CBP’s Virtual Trade Week symposium kicked off Tuesday with a panel on the advantages of United States-Mexico-Canada Agreement.
Illinois-based hardware giant joins The Home Depot and Walmart as U.S. retail companies betting big on Mexico’s home improvement market.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: FedEx Logistics expands in El Paso, Texas; Stanley Black and Decker picks Mexico for new plant; Grupo TMM appoints new CEO; CBP officers seize $4 million worth of narcotics.
The ongoing US-China trade spat and subsequent US tariffs on $500 billion of Chinese goods has catapulted Mexico back to No. 1.
The new factories from Boston-based Creation Technologies, Austria-based Pollmann International and El Paso, Texas-based MFG Solutions, Luxembourg-based Ikano Industries, and Milwaukee Tools will create more than 3,400 new jobs in Mexico.
Five companies recently announced big plans in Mexico, including two new factories and several major expansion projects.
Kyungshin Cable makes wire harnesses used in the automotive industry for companies in Mexico, the United States and Canada.
Imports of auto parts, passenger cars and commercial trucks into Texas ports declined 23% through the first six months of the year.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Concern for China’s supply dominance of rare earth metals; CEVA Logistics to operate a warehouse for IKEA in Mexico; Coca-Cola FEMSA acquires 45 Kenworth trucks; Nikola’s new factory to rely on cross-border supply chain.
