Mexico registered a record $31 billion in foreign direct investment (FDI) in the first half of 2024, a 7% year-over-year increase, according to Mexico’s Ministry of Economy.
About $30 billion came from companies with an existing facility in Mexico, while new investments totaled more than $900 million.
“For the second consecutive year, we highlight the unprecedented amount of reinvestment of profits by companies in the country, due to economic stability, the good business environment and the...
Severe weather is wreaking havoc in parts of South Texas and northern Mexico as Tropical Storm Alberto drenched the region on Wednesday and Thursday.
Alberto is causing heavy flooding and power outages in the Mexican city of Monterrey, a key hub for trade between the U.S. and Mexico. Parts of the city have received over 10 inches of rain, according to reports.
Samuel Garcia, governor of the Mexican state of Nuevo Leon, urged people to stay home during a post on X at 1 p.m. on Thursday.
“We are...
https://www.freightwaves.com/news/tropical-storm-alberto-disrupting-freight-across-texas-mexico
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Trade experts take stock on USMCA’s first anniversary; more factories and jobs for Mexico; Quiet 3PF opens distribution center in Dallas; and border officials see uptick in migrants hiding in trains.
Trade experts take stock on USMCA’s first anniversary
July 1 will mark the first anniversary of the United States-Mexico-Canada Agreement (USMCA).
The trade pact was...
https://www.freightwaves.com/news/trade-experts-take-stock-on-usmcas-first-anniversary
Amazon recently opened two fulfillment centers outside the populous Mexico City area in the cities of Guadalajara and Monterrey.
Company officials said the new facilities represent a $100 million investment in Mexico as Amazon aims to offer faster deliveries to more people across the country.
“The construction of a solid infrastructure network allows the company to stay closer than ever to clients, and thanks to that, it’s possible to offer fast deliveries,” Amazon said in a statement, according...
https://s29755.pcdn.co/news/amazon-opens-new-fulfillment-centers-in-mexico
FedEx Logistics adds Foreign Trade Zone in El Paso
FedEx Logistics is expanding its footprint of Foreign Trade Zones (FTZ) with a new location in El Paso, Texas.
The site is the latest FTZ facility to be opened by FedEx Logistics, adding to existing locations in Los Angeles, New York, Dallas and Chicago. FedEx Logistics is a subsidiary of Memphis, Tennessee-based FedEx Corp. (NYSE: FDX).
The new FTZ in El Paso will be used to streamline the transportation of international raw materials and...