cross-border freight

All-Risk coverage a must-have for cross-border shipping

Cross-border shipping is a tricky business, there’s no getting around it. But with a reliable and knowledgeable partner at your side — and proper insurance protecting your products — your cross-border anxieties will greatly diminish.

Mark Vickers, Reliance Partners’ executive vice president of international logistics, recently connected with Ryan Jones, president at NUAGE Logistics Inc., to dive into cross-border logistics.

Jones shares his thoughts on what it’s like shipping into Mexico from the...

https://www.freightwaves.com/news/all-risk-coverage-a-must-have-for-cross-border-shipping

How PGT Trucking mitigates risk at the Mexican border

For shippers who need cargo transported across the Mexican border, the solution usually involves some combination of outsourcing and transloading, which equates to numerous delays, extra costs and increased risk. If a U.S.-bound load departs the dock of a Mexican shipper on a Mexican trailer, it will likely arrive in Laredo, Texas, wait for clearance and a U.S. driver to take the load to its final destination. Often, cargo safety and integrity come into question at this point, as the load has...

https://www.freightwaves.com/news/how-pgt-trucking-mitigates-risk-at-the-mexican-border

Cross-border FreightTech platform Forager seeks $50M exit

Cross-border logistics technology platform Forager has begun to seek an exit. 

According to sources with knowledge of the deal, the Chicago-based tech-enabled freight brokerage has engaged an investment banker, seeking a strategic buyer at a $50 million valuation.

While FreightWaves is told the company does have hundreds of millions of dollars of freight in its marketplace, including a carrier network of 3,000 companies with about 110,000 trucks, the company hit a $24 million revenue run rate at...

https://www.freightwaves.com/news/cross-border-freighttech-platform-forager-seeks-50m-exit

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

Warehouse automation the next necessary frontier of logistics digitization

Due to strong consumer spending, the growth of ecommerce and other factors, transportation companies are incorporating more automation and tech into their operations to streamline administrative tasks and give more visibility to customers. The industry’s digital transformation is well underway. Based on a PitchBook report from 2020, venture capital investment in warehousing automation technology in particular saw a 57% increase from 2019 to 2020.

Last month, 3PL Central, a cloud-based warehouse...

https://www.freightwaves.com/news/warehouse-automation-the-next-necessary-frontier-of-logistics-digitization

Borderlands: Mexico faces growing shortage of truck drivers

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico faces growing shortage of truck drivers; Mexico creates new national customs agency; CBP expands Santa Teresa port of entry cargo capacity; and DHL Express to invest $360M in Americas infrastructure.

Shortage of truck drivers growing in Mexico, experts say

A perfect storm of factors is causing a growing shortage of truck drivers across Mexico, experts say. 

The...

https://www.freightwaves.com/news/mexico-faces-growing-shortage-of-truck-drivers

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

Borderlands: Foreign investors pump money, manufacturing jobs into Mexico

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: 6,550 manufacturing jobs headed for Mexico as border freight capacity tightens; Aeronet Worldwide expands in Texas; FedEx Ground leases distribution center in Houston; and Bullfrog Logistics files for Chapter 11 bankruptcy.

More factories announced or opening as border freight capacity tightens

Eight foreign companies recently announced they were expanding or building...

https://www.freightwaves.com/news/foreign-investors-pump-money-manufacturing-jobs-into-mexico

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