Borderless Coverage

Borderlands: Cargo insurance can boost cross-border operators’ business

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cargo insurance can boost cross-border operators’ business; Ryder System leases logistics center near Dallas–Fort Worth; Paccar Inc. announces $50M investment in Mexico truck factory; and thefts from cargo trains in Mexico rose in September.

Cargo insurance can boost cross-border operators’ business

Despite the prevalence of cargo theft and trucking accidents in Mexico,...

https://www.freightwaves.com/news/borderlands-cargo-insurance-can-boost-cross-border-operators-business

Mexico increasingly attractive for US shippers, manufacturers

Economic growth in Mexico has caught the attention of many U.S. manufacturers and shippers looking to nearshore or take advantage of Mexico’s improving transportation networks and young, educated workforce. It seems that Mexico and the U.S. share more than just a border.

“A lot of companies that went to China, Thailand or Vietnam are considering bringing their investments back to North America,” said Kenneth Smith Ramos, a partner at Agon, a full-service antitrust and regulatory advisory firm in...

https://www.freightwaves.com/news/mexico-increasingly-attractive-for-us-shippers-manufacturers

Going the extra mile to safely ship seafood across the border

Running a cross-border business is hard enough, but even more so when seafood is in the mix. Now you’ve got to worry about spoilage in addition to cargo theft and other risks.

Phillipe Katkhouda knew that he couldn’t run a successful cross-border shipping business without strict adherence to risk mitigation, so when he entered the industry in 2017, he made sure the cross-border aspect of shipping was his forte. 

Katkhouda founded Paragon LLC, a cross-border seafood distributor based in Pasadena,...

https://www.freightwaves.com/news/going-the-extra-mile-to-safely-ship-seafood-across-the-border

All-risk coverage, visibility tech turning heads in Mexico

The Mexican freight landscape of today is changing rapidly. The country’s reputation for logistics lawlessness is quickly being tamed by visionary industry leaders willing to invest in visibility technologies and comprehensive cross-border insurance solutions to spur Mexican freight opportunities.  

Mark Vickers, Reliance Partners’ executive vice president of international logistics, recently connected with Antonio Luna, managing partner at Vitti Logistics, to highlight Mexico’s burgeoning...

https://www.freightwaves.com/news/all-risk-coverage-visibility-tech-turning-heads-in-mexico

Mexico free trade zones worth exploring for stateside international shippers

It’s no surprise that the U.S. West Coast ports have seen such horrendous congestion — everything seems to funnel through Southern California. 

The Port of Long Beach reported last month that it moved more cargo in 2021 than any year on record, handling 9,384,368 twenty-foot equivalent units. This represents a 15.7% year-over-year (yoy) increase in containers overall, including a 14.6% yoy increase in imports (4,581,846 TEUs), smashing the previous container record set just a year prior.

As the...

https://www.freightwaves.com/news/mexico-free-trade-zones-worth-exploring-for-stateside-international-shippers

Risk knows no bounds when it comes to cross-border shipping

Cross-border shipping involves numerous — and often hidden — risks. For instance, many U.S. shippers are surprised to learn that they’re on the hook for cargo losses that occur all too frequently south of the border.

Mark Vickers, Reliance Partners’ executive vice president of international logistics, connected with Jose Minarro, managing director of Sunset Transportation, to discuss the ever-present risks associated with cross-border shipping, the importance of carrier vetting and why Mexican...

https://www.freightwaves.com/news/risk-knows-no-bounds-when-it-comes-to-cross-border-shipping

Combining insurance and FreightTech to hurdle any cross-border issue

They say the grass is greener on the other side of the fence, but in terms of shipping, this is definitely not the case for goods bound for Mexico. Cross-border shipping carries inherent risks that often can’t be avoided. From differing rules and regulations to theft, it’s best to equip your business with partners who know the ins and outs of shipping on both sides of the border.

Mark Vickers, Reliance Partners’ executive vice president of international logistics, teamed up with Troy Ryley,...

https://www.freightwaves.com/news/combining-insurance-and-freighttech-to-hurdle-any-cross-border-issue

Reliance Partners ‘bullish’ on Laredo, Texas-Mexico corridor

There’s much to gain from the nearly $2 billion in trade flows across the U.S.-Mexico border every day. Pacific trade lanes remain stifled by west coast port congestion, the ongoing COVID-19 pandemic and the trade war between the United States and China. These past-year developments have led many American companies with outsourced operations to set up shop much closer to home. Nearshoring manufacturing operations in Mexico are becoming an attractive opportunity for supply chains across North...

https://www.freightwaves.com/news/reliance-partners-bullish-on-laredo-texas-mexico-corridor

Brokers and carriers pursue higher margins on domestic and cross-border freight

Today’s risk-averse transportation landscape inhibits profit maximization for many companies eager to gain an advantage. It only makes sense that shipping a high-value commodity would bring in more revenue, but the risks involved often scare away carriers and brokers from hauling these loads in places around the Mexican border, creating problems for all stakeholders in these regions.

Trucks overwhelmingly transport the majority of high-value commodities such as electronics, motorized vehicles,...

https://www.freightwaves.com/news/brokers-and-carriers-pursue-higher-margins-on-domestic-and-cross-border-freight

Cross-border consulting helps navigate USMCA ups and downs

This July marks the first anniversary of the adoption and implementation of the United States-Mexico-Canada Agreement (USMCA). The agreement has brought about new opportunities for cross-border trade; is your organization taking advantage of these changes?

With close to $2 billion in trade flowing across the U.S.-Mexico border daily, it’s imperative that logistics service providers know what’s at stake.

Reliance Partners’ Borderless Coverage offers USMCA and international trade consulting to...

https://www.freightwaves.com/news/cross-border-consulting-helps-navigate-usmca-ups-and-downs

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