Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Experts push infrastructure to boost cross-border trade; Korean EV supplier begins construction of plant in Mexico; Kirchhoff Automotive expanding operations in Mexico; and WSI named operator of CPKC transload terminal.
Experts push infrastructure to boost cross-border trade
MONTERREY, Mexico — With nearshoring accelerating trade growth between the U.S. and Mexico,...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Investment surges in Mexico as companies shift supply chains, plan new factories; Michigan 3PL acquires Mexican freight brokerage, signs lease for Arizona warehouse; American Woodmark opens $45M plant in Monterrey, Mexico; and Zipline Logistics acquires supply chain provider Summit Eleven.
Investment surges in Mexico as companies shift supply chains, plan new factories
Chart of the Week: Import Ocean TEUs Index – China to Mexico, China to USA SONAR: IOTI.CHNMEX, IOTI.CHNUSA
Import bookings have doubled from China to Mexico compared to the same period in 2019, with the bulk of the increase coming in the past year. By contrast, import bookings from China to the U.S. are up a still-impressive approximately 40%, but nothing like the Mexico figure. What does this mean for the U.S. freight market?
The Inbound Ocean TEUs Indices (IOTI) measure bookings of...
https://www.freightwaves.com/news/is-mexico-becoming-the-new-china
The supply chain ripples caused by pandemic bottlenecks are being felt along the U.S.-Mexico border as nearshoring intensifies. Cross-border logistics continues to gain attention as large multinational corporations move their operations to Mexican border regions, creating additional demand for warehousing space, manufacturing facilities, transportation capacity and providers to manage shipments.
While creating warehouses and manufacturing centers is a straightforward process, finding and...
Wise PanAmerican Solutions (WPS) has stayed busy since the start of 2024 helping international companies interested in doing business with Mexico.
The Austin, Texas-based company offers services aimed at assisting firms looking to expand or establish cross-border operations in the country.
“This year started with an increase in demand for our services as compared to the previous year. It may be related to the fact that nearshoring projections are expected to reach their peak in 2024-2025,”...
https://www.freightwaves.com/news/location-cost-drive-international-firms-south-of-the-border
Mexico cross-border trade is off to a good start in 2024. The country was the United States’ top trading partner in January, with two-way commerce totaling $64.5 billion, according to the most recent data from the Census Bureau.
Mexico’s trade with the U.S. rose 1.1% year over year (y/y) compared to January 2023. Canada ranked No. 2 with $59.7 billion in trade with the U.S. in January, a 3% y/y decrease. China was the third-ranked U.S. trading partner in the month with $47.9 billion in trade, a...
https://www.freightwaves.com/news/borderlands-mexico-us-mexico-trade-in-january-totaled-64-5b
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...
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...
After experiencing serious port inefficiencies, long coronavirus-related shutdowns and an increasing loss of labor in China, a broad range of manufacturers have committed to moving their facilities away from the country. Many of these companies hope to bring their factories closer to their U.S.-based end consumers, reducing supply chain friction.
The right combination of proximity and price makes Mexico an attractive choice for these manufacturers. As companies begin their nearshoring efforts,...
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,...