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.
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.
