The World Trade and Colombia Solidarity bridges in Laredo, Texas, saw 41,100 fewer commercial truck crossings in April compared with April 2019, according to the city of Laredo.
Laredo’s bridge revenue for April was $3.6 million, down 36.3% from $5.6 million in April 2019.
Commercial truck crossings totaled 148,447 vehicles in April, compared with 189,598 during the same period last year, a 21.7% decline.
The decline was caused by Mexico’s closure of all nonessential businesses on March 30 to slow the spread of the coronavirus. This included automakers, electronics, steel and textile factories, aeronautics, and beer producers.
Many factories across Mexico began to slowly reopen on Monday.
Top exports that cross through Laredo into Mexico include motor vehicle parts, vehicle engines and auto parts, and gasoline.
During April, Mexico’s exports to the U.S. also decreased 41%, according to data from Mexico’s National Institute of Statistics and Geography (INEGI).
Exports from Mexico to the U.S. totaled $23.4 billion in April, the lowest amount since 2010 and the largest percentage decline since March 1986’s 42% drop, according to INEGI.
Some of Port Laredo’s top imports from Mexico include motor vehicle parts, passenger vehicles, commercial vehicles, tractors and computers.
Supply Chain AI Symposium
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.
The Old Post • Chicago, IL Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now