cross-border

Tariff threat hits CPKC with cross-border trade disruption

Over the weekend, President Donald Trump announced 25% tariffs on Mexican and Canadian imports; stocks sold off in pre-market trading before Trump issued a one-month delay on the new Mexican duties, while leaving the Canadian tariffs intact.

Still, capital markets’ quick reaction provided a glimpse of which sectors of the economy are thought to be most at risk in the event the tariffs do go through, and one of those sectors was transportation companies with significant cross-border exposure. The...

https://www.freightwaves.com/news/tariff-threat-hits-cpkc-with-cross-border-trade-disruption

Pitt Ohio adds express lane to Mexico border

Regional less-than-truckload carrier Pitt Ohio announced Monday a new express lane to six border-crossing points in Texas.

The Pittsburgh-based company said it will consolidate freight at a terminal in Cincinnati and work with Cookeville, Tennessee-based regional carrier Averitt Express for final-mile delivery to the Texas border cities of Laredo, El Paso, McAllen, Brownsville, Eagle Pass and Del Rio.

“This operational setup brings significant improvements over the traditional hub and spoke...

https://www.freightwaves.com/news/pitt-ohio-adds-express-lane-to-mexico-border

Check Call: Broker transparency rule gets heated as comment period ends

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Back in mid-November, the Federal Motor Carrier Safety Administration, at the request of the Owner-Operator Independent Drivers Association and the Small Business in Transportation Coalition, proposed a new broker transparency rule. The rule, naturally, has been met with polarized feelings.

As written, it would require all brokers, on request, to submit any records that have to do with a load within 48 hours of the request. These records must be kept electronically and can be...

https://www.freightwaves.com/news/check-call-broker-transparency-rule-gets-heated-as-comment-period-ends

Borderlands Mexico: Averitt completes major facilities expansion in San Antonio

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...

https://www.freightwaves.com/news/borderlands-mexico-averitt-completes-major-facilities-expansion-in-san-antonio

Hub Group inks joint venture with Mexico’s largest intermodal carrier

Intermodal transportation provider Hub Group said Tuesday it has formed a joint venture with Mexico’s largest intermodal carrier, EASO. The deal is expected to be immediately accretive to Hub Group’s earnings.

Mexico City-based EASO is a 50-year-old family-run company providing intermodal, truckload (including dedicated) and freight brokerage services. It operates a network of terminals serving all domestic markets in Mexico as well as cross-border logistics hubs in the U.S. The company touts a...

https://www.freightwaves.com/news/hub-group-inks-joint-venture-with-mexicos-largest-intermodal-carrier

XPO expands cross-border service with launch of XPO Mexico+

Less-than-truckload carrier XPO announced Wednesday the launch of XPO Mexico+, which significantly expands its cross-border service in Mexico.

XPO (NYSE: XPO) said the new offering improves delivery times as more capacity will be available and the company now serves seven crossing points at the border reaching 99% of Mexico’s postal codes. The service is CTPAT-certified and customers will be able to track shipments in real time, with customer support being provided by a bilingual representative.

X...

https://www.freightwaves.com/news/xpo-expands-cross-border-service-with-launch-of-xpo-mexico

Check Call: Here comes hurricane season

Future of Supply Chain is right around the corner in Atlanta. Registration is still open. Last week I was told it was the final week for the discount codes, and this morning in a jaw-dropping surprise to all of us, the exclusive Check Call discount code was extended to the end of this week. Friday is the last day to buy tickets using the promo code CheckCallFSC24. Get that sweet sweet discount as long as you can.

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This Saturday marks the official start of hurricane season. The...

https://www.freightwaves.com/news/check-call-here-comes-hurricane-season

Check Call: Q1 earnings did most carriers no favors

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It’s earnings season, which means it’s time to see how the competition stacked up.

Starting off earnings season was none other than J.B. Hunt’s brokerage unit reporting a $17.5 million operating loss as loads declined 22% year over year, with revenue per load down just 5%. The main reason for the loss was higher insurance expenses and integration costs from the acquisition of BNSF Logistics. The company overall reported earnings per share of $1.22 instead of the $1.50 target,...

https://www.freightwaves.com/news/check-call-q1-earnings-did-most-carriers-no-favors

US-Mexico trade tops $200B in first quarter of 2024

Mexico was the United States’ top trading partner in March, with two-way trade totaling $68.5 billion, according to the latest data from the Census Bureau.

It was the third consecutive month and 13th of the past 14 months Mexico has been No. 1 in trade with the U.S. While Mexico retained the top spot in March, year-over-year trade with the U.S. declined 5% in the month compared to the same period in 2023.

Canada was the second-ranked U.S. trade partner in March at $65.1 billion, followed by China...

https://www.freightwaves.com/news/borderlands-mexico-us-mexico-trade-tops-200b-in-first-quarter-of-2024

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