Just 10 years ago, if you were a U.S. shipper sending goods across the border to Mexico, you faced a significant risk: a lack of cargo insurance.
In the U.S. and Canada, most carriers have at least $100,000 in cargo insurance. In Mexico, however, cargo insurance is very rare and has historically been extremely difficult to procure.
On a $100,000, 40,000-pound load, a Mexican carrier would not be required to have any cargo coverage, whereas the standard U.S. carrier would have at least $100,000.
“Th...
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