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https://www.freightwaves.com/news/daily-infographic-mexicos-heavy-duty-truck-exports-slump-in-march
The White House is pressuring Texas Gov. Greg Abbott to lift added inspections of commercial trucks entering from Mexico as supply chain disruption at the border threatens to spin out of control.
White House Press Secretary Jen Psaki warned in a statement Wednesday that cross-border delays caused by the inspections — which Abbott said last week he was putting in place at major crossings to curb illegal immigration — “are causing significant disruptions to the food and automobile supply chains,...
https://www.freightwaves.com/news/white-house-cross-border-truck-delays-hammering-supply-chains
Commercial truck trade with Mexico has slowed after Texas Gov. Greg Abbott’s increased border security measures aimed at stopping large numbers of migrants crossing into the state illegally were implemented Wednesday, officials said.
Northbound commercial trucks arriving into the U.S. from Mexico have been slowed at two key Texas border crossings: the Pharr-Reynosa International Bridge and the Colombia-Solidarity Bridge in Laredo.
Both crossings have seen long lines for trucks because of...
https://www.freightwaves.com/news/texas-vehicle-checkpoints-slow-trucks-from-mexico
Economic growth in Mexico has caught the attention of many U.S. manufacturers and shippers looking to nearshore or take advantage of Mexico’s improving transportation networks and young, educated workforce. It seems that Mexico and the U.S. share more than just a border.
“A lot of companies that went to China, Thailand or Vietnam are considering bringing their investments back to North America,” said Kenneth Smith Ramos, a partner at Agon, a full-service antitrust and regulatory advisory firm in...
https://www.freightwaves.com/news/mexico-increasingly-attractive-for-us-shippers-manufacturers
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It’s no surprise that the U.S. West Coast ports have seen such horrendous congestion — everything seems to funnel through Southern California.
The Port of Long Beach reported last month that it moved more cargo in 2021 than any year on record, handling 9,384,368 twenty-foot equivalent units. This represents a 15.7% year-over-year (yoy) increase in containers overall, including a 14.6% yoy increase in imports (4,581,846 TEUs), smashing the previous container record set just a year prior.
As the...
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Solvento, a Mexico City-based digital platform providing trucking companies with access to capital, announced Monday it has raised $4.5 million in a fundraising round led by Dynamo Ventures.
Other participants included Wollef Ventures and Zenda Capital, along with a $3 million debt facility from Marco Financial.
Jaime Tabachnik, co-founder and CEO of Solvento, said the funds will be used to hire more employees as well as provide capital for the loans it gives out to Mexican trucking companies.
“A...
https://www.freightwaves.com/news/solvento-raises-capital-to-help-mexican-trucking-industry
They say the grass is greener on the other side of the fence, but in terms of shipping, this is definitely not the case for goods bound for Mexico. Cross-border shipping carries inherent risks that often can’t be avoided. From differing rules and regulations to theft, it’s best to equip your business with partners who know the ins and outs of shipping on both sides of the border.
Mark Vickers, Reliance Partners’ executive vice president of international logistics, teamed up with Troy Ryley,...
