Laredo texas

Borderlands Mexico: Nearshoring boom brings more production closer to US

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion Freight Line receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston.

Nearshoring boom bringing more production closer to US

Mexico registered a record $36 billion...

https://www.freightwaves.com/news/borderlands-mexico-nearshoring-boom-brings-more-production-closer-to-us

Borderlands Mexico: Developer bullish on industrial real estate on border

As nearshoring attracts more manufacturers to prime sites in Mexico, real estate firm Meor is betting big on continued demand for industrial space along the border.

Meor, a real estate developer based in Mexico City, announced its search for U.S. equity partners to help fund a $1.7 billion plan to develop a multiphase portfolio of 13 industrial projects along the U.S.-Mexico border.

The developer hired Chicago-based Cushman & Wakefield (NYSE: CWK) to help it find equity partners to fund the...

https://www.freightwaves.com/news/borderlands-mexico-developer-bullish-on-industrial-real-estate-on-border

Borderlands Mexico: Texas-based customs broker expands cross-border footprint

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas-based customs broker expands cross-border footprint; Pennsylvania-based mushroom grower expands production into Mexico; Impilo expands distribution network with Phoenix warehouse; and TT Electronics opens factory along US-Mexico border.

Texas-based customs broker expands cross-border footprint

In 1991, Eduardo Lozano started his cross-border freight...

https://www.freightwaves.com/news/borderlands-mexico-texas-based-customs-broker-expands-cross-border-footprint

Ryder opens new logistics center in Texas amid US-Mexico trade boom

As U.S.-Mexico trade continues to expand, Ryder System has opened a 228,000-square-foot logistics warehouse and cross-dock facility in Laredo, Texas.

The warehouse is about 3 miles from the World Trade Bridge and includes 102 truck dock doors and parking spaces for 143 trailers.

Just across the border in Nuevo Laredo, Mexico, Ryder is expanding a drayage yard in its logistics operation. This will improve facilitation of the transfer of freight across the World Trade Bridge to U.S. drivers,...

https://www.freightwaves.com/news/ryder-opens-new-logistics-center-in-texas-amid-us-mexico-trade-boom

US-Mexico cross-border trade totaled almost $800B in 2023

For only the second time in recent history, Mexico was the top overall U.S. trading partner for the year.

Mexico’s trade with the U.S. rose 2.5% year over year (y/y) to $798 billion in 2023, boosted by exports of gasoline and other fuels and imports of passenger vehicles.

Canada ranked No. 2, with two-way trade with the U.S. falling 2.37% y/y to $773.94 billion. China ranked third, with trade falling 16.73% y/y to $575.03 billion.

In addition, the port of entry in Laredo, Texas, was the No....

https://www.freightwaves.com/news/us-mexico-cross-border-trade-totaled-almost-800b-in-2023

Borderlands: Continental AG announces $90M manufacturing facility in Mexico

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge.

Continental AG announces $90M manufacturing facility in Mexico

German tire and industrial parts manufacturing giant Continental AG announced...

https://www.freightwaves.com/news/borderlands-continental-ag-announces-90m-manufacturing-facility-in-mexico

Borderlands: Mexico top US trade partner in November, Laredo No. 1 gateway

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico top US trade partner in November, Laredo No. 1 gateway; PSC Group acquires rail terminal in South Texas; automotive firm inaugurates $55 million expansion in Mexico; and CBP seizes $5M worth of cocaine at Texas border crossing.

Mexico top US trade partner in November, Laredo No. 1 gateway

Nearshoring continues to be a boost for Mexico trade as the country...

https://www.freightwaves.com/news/borderlands-mexico-top-us-trade-partner-in-november-laredo-no-1-gateway

Texas cargo bridge projects could be expedited under new law

Several Texas-Mexico border infrastructure developments recently received a boost after a new law took effect that speeds up the federal approval process for international cargo bridge projects.

U.S. Rep. Henry Cuellar, D-Laredo, and U.S. Sen. Ted Cruz, R-Texas, led the policy change effort to reform the presidential permitting process for new and expanded border bridges, with the focus on international crossings in Laredo, Eagle Pass and Brownsville, Texas.

The bill, which sets a maximum 120-day...

https://www.freightwaves.com/news/texas-cargo-bridge-projects-could-be-expedited-under-new-law

Mexico remains top US trade partner, Laredo No. 1 gateway

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Mexico was the United States’ top trade partner in September, with two-way commerce totaling $67...

https://www.freightwaves.com/news/mexico-remains-top-us-trade-partner-laredo-no-1-gateway

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