Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Averitt completes major facilities expansion in San Antonio; Bennett Family of Companies opens new facility in Texas; Aerospace manufacturer completes $28M expansion in Mexico; and Mode Global acquires freight brokerage division of Jillamy.
Averitt completes major facilities expansion in San Antonio
Less-than-truckload carrier Averitt is ready to launch its new...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Organized crime groups fuel cargo theft surge in Mexico; Outpost expands national truck parking network; Averitt opens new trucking facility in Texas; and China-based Intretech plans $60M factory in Mexico.
Organized crime groups fuel cargo theft surge in Mexico
Mexico averaged about six cargo thefts a day in August, with most cases taking place in the country’s...
LAS VEGAS – Trimble Inc. wrapped up its 2024 Insight Tech Conference + Expo on Tuesday, with the three-day event spotlighting new technology and strategies for carriers, shippers and brokers.
The event drew more than 1,500 attendees and included several keynote conversations and hundreds of panel discussions, workshops and exhibitors focused on transportation trends and emerging technologies.
Here are several takeaways from this year’s Insight:
Trimble leaders’ keynote highlights acceleration of...
Cross-border less-than-truckload carrier Averitt has undertaken a major expansion of its distribution and fulfillment center in San Antonio.
The expansion was spurred by the nearshoring movement of companies shifting production and manufacturing to Mexico to be closer to the U.S., officials said.
“We’re really just beginning to see the effects of nearshoring on cross-border trucking,” Ed Habe, vice president of Mexico sales for Averitt in San Antonio, told FreightWaves. “We’re really about two...
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Averitt Express has moved into a new distribution and fulfillment center near Nashville as part of...
https://www.freightwaves.com/news/averitt-expands-nashville-area-distribution-fulfillment-operation
Getting products to their end destination as fast as possible has always been a top goal of shippers. Over the past five years especially, businesses have had a greater incentive to hasten speed to market. While e-commerce sales ballooned during the pandemic in 2020 due to consumers staying home and buying online, it continues to flourish now. In 2022, e-commerce sales surpassed $1 trillion in the U.S.
Ed Smith, VP of distribution and fulfillment at Averitt, sat down with FreightWaves’ Michael...
https://www.freightwaves.com/news/increasing-velocity-to-market-with-micro-fulfillment
It’s been three weeks since the closure of the nation’s third-largest less-than-truckload carrier, Yellow, and the impact is still being felt across the industry.
Kent Williams, executive vice president of sales and marketing at Averitt Express, a Tennessee-based transportation provider, estimates that Averitt alone has seen an additional 2,000 daily shipments since Yellow ceased operations.
When major carriers shutter, additional volume enters the market while capacity leaves it. For carriers...
https://www.freightwaves.com/news/averitt-express-staying-elastic-amid-ltl-volume-surge
The logistics industry is undergoing a serious technological revolution. The space, which was once characterized by its reticence to embrace modern solutions, has changed rapidly since the ELD mandate went into effect almost five years ago. Now, it is clear that technology offers a pathway to a safer – and more profitable – future.
Additionally, the freight market has experienced a slow but steady softening over the past few months, balancing the pricing power between shippers and carriers. As...
https://www.freightwaves.com/news/technology-will-prove-crucial-during-market-downturn
Diesel costs have reached staggering levels. Rising fuel costs have affected every link in the supply chain, across all modes of transportation. Companies throughout the industry have had difficulty weathering these costs, which threaten their overall profitability.
“The shipper and the receiver of commercial goods will often be hit from origin to destination,” Kent Williams, Averitt EVP of sales and marketing, said. “Moving goods from overseas factories to distribution centers to ports, then...