Laredo

Borderlands: Mexico trade boomed in May but profit margins tightening

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico trade boomed in May but profit margins are tightening; a Korean auto supplier opens a plant in Mexico; Otay Mesa plans to open a new port by 2024; and Texas trucking company set to build terminal.

Mexico trade boomed in May but profit margins tightening, experts say

Mexico exported $40.8 billion in goods in May, a 125% increase compared to the same period in...

https://www.freightwaves.com/news/mexico-trade-boomed-in-may-but-profit-margins-tightening

Borderlands: Mexico exports of commercial trucks jump 277%

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico exports of commercial trucks jump 277%; Eastek International opens a plant in Mexico; West Pak Avocado will open a Laredo distribution facility; and FMCSA bans a Mexico-based driver from operating in the U.S. 

Mexico exports of commercial trucks jump 277%

Truck makers in Mexico exported 12,892 units during May, an increase of 277% compared to the same period in...

https://www.freightwaves.com/news/mexico-exports-of-commercial-trucks-jump-277

Modernization of Cross Border Trade event returns to Laredo

After going virtual last year because of the coronavirus pandemic, the Modernization of Cross Border Trade annual conference returns Thursday as an in-person event in Laredo, Texas.

Borderless Coverage powered by Reliance Partners and the Laredo Motor Carriers Association are hosting the fourth-annual event, which aims to highlight U.S.-Mexico trade while having a “fun” gathering, according to Mark Vickers, executive vice president of logistics at Reliance Partners.

“With vaccinations picking up,...

https://www.freightwaves.com/news/modernization-of-cross-border-trade-event-returns-to-laredo

Laredo commercial border crossing slowed by storm’s aftermath

A powerful storm that wrecked havoc Monday in Nuevo Laredo, Mexico, has caused a freight slowdown at the commercial border crossing in Laredo, Texas.

“Due to last night’s storm, power on the Mexico side is out and affecting north and south bound traffic,” said Armando Taboada, assistant director of field operations at the Laredo Field Office of U.S. Customs and Border Protection (CBP) in an email to customs officials and media. 

“Railroad operations at Laredo are on hold due to debris on rail...

https://www.freightwaves.com/news/laredo-commercial-crossing-slowed-by-storms-aftermath

Borderlands: Port Laredo looks to boost produce imports

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Laredo looks to boost produce imports; Texas drug trafficking organizer gets life in prison; e-commerce startup Merama raises $60 million; and Amazon facility set for Texas Gulf Coast.

Port Laredo looks to boost produce imports

While Laredo, Texas, is known as one of the busiest inland ports for goods such as auto parts and cellphones, officials say they want more...

https://s29755.pcdn.co/news/port-laredo-looks-to-boost-produce-imports

‘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

Mexico regains status as No. 1 US trade partner

Mexico is again the top trading partner of the United States, with two-way trade totaling $48.47 billion in February, according to data from the U.S. Census Bureau.

China had been the top U.S. trade partner for 10 consecutive months beginning last May.

In February, the nation’s top trade partners were:

— Mexico, $48.47 billion.

— Canada, $47.39 billion.

— China, $43.44 billion.

— Japan, $14.5 billion.

— Germany, $14.1 billion.

The U.S. exported $21 billion in goods to Mexico during February, and...

https://www.freightwaves.com/news/mexico-regains-status-as-no-1-us-trade-partner

Borderlands: Odyssey Logistics expands into Laredo

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Odyssey Logistics opens facility in Laredo; CBP beefs up border security; Rockport Terminals acquired by Jones Capital; and train collides with tractor-trailer in Houston.

Odyssey Logistics expands into Laredo

Danbury, Connecticut-based Odyssey Logistics & Technology Corp. recently opened a trucking and logistics facility in Laredo, Texas.

Odyssey Logistics said the...

https://s29755.pcdn.co/news/odyssey-logistics-expands-into-laredo

Borderlands: Laredo looks to add, expand bridges to boost Mexico trade

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo’s bridge master plan aims to boost Mexico trade; German automaker invests $72 million in San Luis Potosí; Transmontes orders 75 Freightliner trucks; El Paso opens route for trucks headed to Mexico.

Laredo’s bridge master plan aims to boost Mexico trade

The World Trade Bridge in Laredo, Texas, could reach capacity by 2030, negatively impacting commercial truck...

https://s29755.pcdn.co/news/laredo-looks-to-boost-mexico-trade

Borderlands: Logistics provider expands operations in Laredo

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: JAMCO Group expands in Laredo; BTL picks Mexico for new auto parts plant; G-Global expands in El Paso; and agents seize $40 million in drugs in Texas and California.

Jamco Group expands operations in Laredo

The JAMCO Group, planning for an expansion of U.S.-Mexico trade, recently signed a long-term lease to occupy 500,000-square-feet at the Port Grande Logistics Port in...

https://s29755.pcdn.co/news/logistics-provider-expands-operations-in-laredo

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