Cross-border trucking

Watchdog: FMCSA’s oversight of Mexican carriers needs work

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WASHINGTON — A federal watchdog has found that too many Mexican-based trucking companies moving...

https://www.freightwaves.com/news/watchdog-fmcsas-oversight-of-mexican-carriers-needs-work

Borderlands: Mexico, Port Laredo remain on top for US trade

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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...

https://www.freightwaves.com/news/borderlands-mexico-port-laredo-remain-on-top-for-us-trade

Former subsidiary of bankrupt Celadon acquired by US, Mexican investors

Luminus Management LLC has acquired Mexico-based carrier Jaguar Transportation, a former subsidiary of bankrupt carrier Celadon, in an all-cash stock purchase transaction.

The acquisition includes over 775 tractor-trailers and five freight facilities throughout Mexico, according to a news release. Jaguar Transportation, a trucking company focused on cross-border trade with the U.S., is based in Monterrey, Mexico.

Terms of the acquisition were not disclosed. Jaguar Transportation will remain...

https://www.freightwaves.com/news/former-subsidiary-of-bankrupt-celadon-acquired-by-investors

Cross-border LTL Q&A with FreightPlus SVP

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Cross-border freight flows have been increasing for years but interest around shipping from Mexico...

Mexico remains top US trading partner ahead of No. 2 Canada

Mexico ranked as the United States’ top trading partner for the second consecutive month in September, according to the most recent data from the U.S. Census Bureau.

Mexico’s total trade with the U.S. increased 23% year over year (y/y) to $67.4 billion in September, compared to the same period in 2021, with imports from Mexico accounting for $39.5 billion.

Computers ($3.6 billion), passenger vehicles ($3.3 billion) and auto parts ($2.8 billion) were the top three imports from Mexico to the U.S.,...

https://www.freightwaves.com/news/mexico-remains-top-us-trade-partner-in-september

US sanctions Mexican trucking companies linked to Sinaloa drug cartel

The U.S. Treasury Department on Wednesday sanctioned several individuals and companies connected to Mexico’s powerful Sinaloa drug cartel, including three Mexico-based carriers.

The sanctions against Juan Francisco Valenzuela Valenzuela and his organization, sometimes called the Valenzuela Drug Trafficking Organization (Valenzuela DTO), freezes all their property and other interests in the United States and bars American companies from doing business with them.

Treasury officials said Valenzuela...

https://www.freightwaves.com/news/us-sanctions-trucking-companies-linked-to-drug-cartel

Solvento ‘leveling the financial playing field’ for Latin American trucking companies

Increased internet connectivity and usage have led to rapid growth in Mexico’s e-commerce sales; global tensions have increased the United States’ reshoring efforts in the region; and major highway projects have resulted in a Mexican road freight market valued at $82 billion with a forecast compound annual growth rate of 9.91% through 2027.

But Latin American trucking companies and freight brokers “have been incredibly ignored by the financing sector,” according to Jaime Tabachnik, CEO of...

https://www.freightwaves.com/news/solvento-leveling-the-financial-playing-field-for-latin-american-trucking-companies

Texas, California border-crossing projects key to US-Mexico trade growth

Mexico’s ambassador to the United States recently lauded two binational border infrastructure projects in California and Texas as “flagship” endeavors that would increase trade across North America. 

“One of our binational flagship projects is the Otay Mesa East-Otay II,” said Esteban Moctezuma, Mexican ambassador to the U.S. “Another notable example is the Laredo 4/5 project, which seeks to build a new international bridge in the Laredos region to facilitate commercial flows.” 

Moctezuma’s...

https://www.freightwaves.com/news/mexico-border-crossing-projects-key-to-trade-growth

Nippon Express launches service to avoid West Coast port congestion

Aiming to get around cargo bottlenecks at West Coast ports, Nippon Express has launched a multimodal service that will transport cargo from the U.S. and Canada to Asia via Mexico.

Nippon’s U.S. Export Service via Mexico (U.S.E.ME) conveys cargo overland by tractor-trailers from various locations in the U.S. and Canada to a Nippon Express warehouse in San Luis Potosí, Mexico, according to a press release.

From San Luis Potosí, cargo is transshipped to containers and transported by sea from...

https://www.freightwaves.com/news/nippon-express-launches-service-to-avoid-west-coast-port-congestion

Fastfrate acquires Challenger, becoming one of Canada’s biggest cross-border trucking operators

A Challenger truck

Canadian transport and logistics company Fastfrate Group said Thursday it has acquired a controlling stake in Canadian truckload and logistics provider Challenger Group for an undisclosed sum.

The transaction, which will combine two old-line, Toronto-based companies with about CA$1 billion in annual revenue, dramatically expands Fastfrate’s cross-border trucking exposure, CEO Manny Calandrino said in a phone interview.

Challenger generates between 65% and 70% of its revenue from cross-border...

https://www.freightwaves.com/news/fastfrate-challenger-acquisition-canada-cross-border-trucking

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