Borderlands: Mexico

Borderlands Mexico: US-Mexico trade rises to $67B in February

Mexico was the United States’ top trading partner in February, with two-way trade increasing 11% year over year (y/y) to $67 billion, according to the latest data from the Census Bureau.

It was the second consecutive month and 12th of the past 14 months Mexico has been No. 1. Canada was the second-ranked U.S. trade partner in February at $62 billion, followed by China at No. 3 with $44 billion in two-way commerce.

Mexico’s exports to the U.S. increased 13% y/y to $40.2 billion in February. The...

https://www.freightwaves.com/news/borderlands-mexico-us-mexico-trade-rises-to-67b-in-february

Borderlands Mexico: Samsara opens new office to focus on expanding cross-border trade

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Samsara opens new office to focus on expanding cross-border trade; TriumphPay expands payments network to Mexico; China-based auto supplier to build $36M factory in Mexico; and Quantix acquires hazardous waste hauler in Houston.

Samsara opens new office to focus on expanding cross-border trade

San Francisco-based Samsara recently opened a new office in Mexico City...

https://www.freightwaves.com/news/borderlands-mexico-samsara-opens-new-office-to-focus-on-expanding-cross-border-trade

Borderlands Mexico: Carrier makes history using electric truck to haul cross-border freight

A California-based carrier made history Thursday using a Class 8 electric truck to haul freight between the U.S. and Mexico, a first-ever border crossing for a heavy-duty EV vehicle, officials said.

The electric truck from San Diego-based Bali Express made its maiden voyage carrying an unspecified load of goods into Mexico through the Otay Mesa Port of Entry, which connects Southern California to the Mexican city of Tijuana. 

“By adding electric freight trucks, we are not only reducing our carbon...

https://www.freightwaves.com/news/borderlands-mexico-carrier-makes-history-using-electric-truck-to-haul-cross-border-freight

Borderlands Mexico: Saia partners with Mexican carrier for cross-border service

Less-than-truckload carrier Saia Inc. announced a new partnership with Fletes Mexico, one of the largest trucking companies south of the border.

Fletes Mexico’s less-than-truckload division, Carga Express, and Saia will provide cross-border freight transport for customers. Saia will service Carga Express’ shipments entering the U.S., while Carga Express will transport Saia’s freight traveling into Mexico.

“Our customers will benefit from Carga Express’ network of distribution centers and...

https://www.freightwaves.com/news/borderlands-mexico-saia-partners-with-mexican-carrier-for-cross-border-service

Borderlands Mexico: Investment surges in Mexico as companies shift supply chains, plan new factories

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Investment surges in Mexico as companies shift supply chains, plan new factories; Michigan 3PL acquires Mexican freight brokerage, signs lease for Arizona warehouse; American Woodmark opens $45M plant in Monterrey, Mexico; and Zipline Logistics acquires supply chain provider Summit Eleven.

Investment surges in Mexico as companies shift supply chains, plan new factories

https://www.freightwaves.com/news/investment-surges-in-mexico-as-companies-shift-supply-chains-plan-new-factories

Borderlands Mexico: Echo Global Logistics grows cross-border footprint

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Echo Global Logistics grows cross-border footprint as trade booms; Maersk launches cross-border warehouse in Tijuana; Yokohama announces $380M tire plant in Mexico; and Legendz Way to open distribution center in North Texas.

Echo Global Logistics grows cross-border footprint as trade booms

Echo Global Logistics has opened new locations in Texas and Mexico, as more...

https://www.freightwaves.com/news/borderlands-mexico-echo-global-logistics-grows-cross-border-footprint

Location, cost drive international firms south of the border

Wise PanAmerican Solutions (WPS) has stayed busy since the start of 2024 helping international companies interested in doing business with Mexico.

The Austin, Texas-based company offers services aimed at assisting firms looking to expand or establish cross-border operations in the country.

“This year started with an increase in demand for our services as compared to the previous year. It may be related to the fact that nearshoring projections are expected to reach their peak in 2024-2025,”...

https://www.freightwaves.com/news/location-cost-drive-international-firms-south-of-the-border

Borderlands Mexico: Container shipments from China to Mexico skyrocketed in January

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Container shipments from China to Mexico skyrocketed in January; construction set for border logistics park in West Texas; Nippon Steel set to build $71M plant in Mexico; and China-based auto supplier announces $178M investment in Mexico.

Container shipments from China to Mexico skyrocketed in January

China’s container exports to Mexico surged nearly 60% year over year...

https://www.freightwaves.com/news/borderlands-mexico-container-shipments-from-china-to-mexico-skyrocketed-in-january

Borderlands Mexico: US-Mexico trade in January totaled $64.5B

Mexico cross-border trade is off to a good start in 2024. The country was the United States’ top trading partner in January, with two-way commerce totaling $64.5 billion, according to the most recent data from the Census Bureau.

Mexico’s trade with the U.S. rose 1.1% year over year (y/y) compared to January 2023. Canada ranked No. 2 with $59.7 billion in trade with the U.S. in January, a 3% y/y decrease. China was the third-ranked U.S. trading partner in the month with $47.9 billion in trade, a...

https://www.freightwaves.com/news/borderlands-mexico-us-mexico-trade-in-january-totaled-64-5b

Borderlands Mexico: Nearshoring boom brings more production closer to US

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion Freight Line receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston.

Nearshoring boom bringing more production closer to US

Mexico registered a record $36 billion...

https://www.freightwaves.com/news/borderlands-mexico-nearshoring-boom-brings-more-production-closer-to-us

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