China trade

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

US imports from China falling faster than from other countries

chart showing China share of US containerized imports

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); gptAdSlots.push(gptSlot); });

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

America and China remain intimately intertwined via trade despite worsening tensions over Taiwan...

https://www.freightwaves.com/news/us-imports-from-china-falling-faster-than-from-other-countries

If globalization is really over, what happens to supply chains?

supply chain

Tariffs, COVID, port pileups, the Ever Given, the Russia-Ukraine war, mounting U.S.-China tensions — it seems like threats to world trade are the rule, not the exception. What does this mean to the future of global supply chains?

The positive view: Importers see the risks ahead and will act. They will preemptively revamp supply chains and become nimbler and more resilient. Economic benefits of globalization are too great to give up. Countries and companies will work around hurdles.

“No one can...

https://www.freightwaves.com/news/if-globalization-is-really-over-what-happens-to-supply-chains

FMC commissioner red-flags Congress on China’s container monopoly

The results of a yearlong investigation into China’s monopoly over ocean container production are being highlighted to lawmakers to illustrate the potential threat to the U.S. economy.

Federal Maritime Commissioner Carl Bentzel, who released a report on the investigation publicly on Wednesday, wants to spark a policy debate on the long-term implications of the country’s “complete reliance” on Chinese container manufacturing.

“Chinese container manufacturing clearly took steps together to suppress...

https://www.freightwaves.com/news/fmc-commissioner-red-flags-congress-on-chinas-container-monopoly

Borderlands: China remains top US trade partner, followed by Mexico, Canada

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: China remains top US trade partner; German auto supplier announces more than $300M investment in Mexico; Walmart opening new distribution center in Texas; and construction begins on $1B USMCA park near Mexico City.

China remains top US trade partner, followed by Mexico, Canada 

China was again the top trading partner of the United States in January, followed by Mexico...

https://www.freightwaves.com/news/china-remains-top-us-trade-partner

FreightWaves Classics: Matson helps provision Alaska, Hawaii, U.S. territories and more

A Matson containership cruises Hawaiin waters with Honolulu in the background. (Photo: Matson)

Essential supplies of all kinds are carried to Alaska by ship, truck and air, and to Hawaii by air and ship. Matson, Inc., a U.S.-owned and -operated transportation services company, carries tons of supplies to these two U.S. states, U.S. territories and other destinations across the Pacific Ocean. The company is headquartered in Honolulu, Hawaii and is listed on the NYSE (ticker symbol MATX).

Corporate overview

Matson subsidiary Matson Navigation Company, Inc. (MNC) has been a leading Pacific...

https://www.freightwaves.com/news/freightwaves-classics-matson-helps-provision-alaska-hawaii-us-territories-and-more

How China became the big winner of the COVID era

China

When news first broke of the COVID lockdown in Wuhan, the initial prediction was: The virus will cripple the economy of China, which is the engine of global trade, and that will be terrible for the shipping business.

Eighteen months and 3.9 million deaths later, the pandemic has had the opposite effect. Ships are full and, ironically, the country where the outbreak began is seeing the biggest and broadest economic upside.

Chinese exports are now much higher than they were before the outbreak,...

https://www.freightwaves.com/news/how-china-became-the-biggest-winner-of-the-covid-era

‘Just so big’: China’s outsize role in trade at Texas border crossings

Though well behind Mexico, China ranks second for international trade at the three largest United States-Mexico border crossings in Texas: Laredo, El Paso and Pharr.

Its status on the border is buoyed by imports of auto parts, cellphones, electrical circuit boards and other goods, say public officials and industry experts.

Teclo Garcia, Laredo’s economic development director, said cellphones were the top imports from China through Port Laredo during 2020.

“We had $1.16 billion in total trade with...

https://www.freightwaves.com/news/just-so-big-chinas-outsize-role-in-trade-at-texas-border-crossings

FreightWaves Haul of Fame: Longistics International, LLC

A Longistics tractor-trailer on the way to deliver a load. (Photo: Jim Allen/FreightWaves)

Longistics was founded by Duane and Pat Long in 1984, but their love affair with the industry began several years before. In May 1977, the two attended National Transportation Week. They met at the conference and fell in love with each other and the trucking industry simultaneously. 

Duane Long is the co-founder and Chairman of the company, which is a full-service provider of global logistics solutions headquartered in Raleigh, North Carolina. Longistics provides trucking, warehousing and...

https://s29755.pcdn.co/news/freightwaves-haul-of-fame-longistics-international-llc

Port Houston aims for more Asia imports amid congestion

Port Houston is positioning itself as a viable option for handling more containerized imports from Asia, thanks to congestion woes for importers on the West and East coasts.

Austin, Texas-based cooler and drink ware manufacturer Yeti (NYSE: YETI) is testing Port Houston as an alternative to the Port of Los Angeles and Long Beach or Port of New York/New Jersey for importing its shipments from Asia, according to Paul Carbone, Yeti’s CFO. 

“We’re seeing some elongated wait times coming through the...

https://s29755.pcdn.co/news/port-houston-aims-for-more-asia-imports-amid-congestion

+ More