Nuvocargo

Nuvocargo raises $20.5M to boost trade between US and Mexico

Cross-border startup Nuvocargo announced Friday that it has raised $20.5 million in a funding round led by Tiger Global Management.

Deepak Chhugani, Nuvocargo’s founder and CEO, said the company didn’t need the capital since it still had most of the $12 million it raised in a series A round in April.

“Tiger showed real conviction and moved fast with their term sheet even though we were not raising,” Chhugani said in a statement. “We deeply respect their approach to investing and it was a great...

https://www.freightwaves.com/news/nuvocargo-raises-205m-to-boost-trade-between-us-and-mexico

Border: New customs requirements for Mexico shipments begin Wednesday

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: New customs requirements for Mexico shipments begin Wednesday; Samsung announces $17B semiconductor plant in Texas; Great Lakes Dredge & Dock secures $92M contract for Houston Ship Channel; and Truck driver charged in record-breaking border drug seizure.

New customs requirements for Mexico shipments begin Wednesday

Hoping to quell a rising tide of smuggled goods and...

https://www.freightwaves.com/news/new-customs-requirements-for-mexico-shipments-begin-wednesday

Borderlands: Texas lawmakers criticize effort to restrict energy sales to Mexico

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas lawmakers criticize effort to restrict energy sales to Mexico; US blocks tomato imports from Mexican farm; Nuvocargo boosts team with hires from Uber, McKinsey; and Hutchison Port Holdings breaks container delivery record at Mexican port.

Texas lawmakers criticize effort to restrict energy sales to Mexico

A bipartisan group of Texas lawmakers has united in...

https://www.freightwaves.com/news/texas-lawmakers-criticize-effort-to-restrict-energy-sales-to-mexico

Borderlands: Mexico to require more documentation for shipments traversing the country

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico to require more documentation for shipments traversing the country; dexFreight selected by Hutchison Ports Mexico as software provider; Averitt Express expands Texas operations with new facility; and CBP agents intercept first-in-the-nation insect in Costa Rican shipment.

Mexico to require more documentation for shipments traversing the country

Mexico’s new...

https://www.freightwaves.com/news/mexico-to-require-more-documentation-for-shipments-traversing-the-country

Borderlands: Nuvocargo launches more efficient cross-border billing solution

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Nuvocargo launches more efficient cross-border billing solution; Mexico implements new customs requirement; Freightcar America expands manufacturing plant in Mexico; and Morrison Express Corp. expands in Dallas area.

Nuvocargo launches more efficient cross-border billing solution

Cross-border logistics and shipping between the United States and Mexico can be a lucrative...

https://www.freightwaves.com/news/nuvocargo-launches-more-efficient-cross-border-billing-solution

Borderlands: More investment, manufacturing jobs for Mexico

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: More investment, manufacturing jobs for Mexico; new 3,000-acre logistics hub for Texas; TUM Logistics acquires 110 Kenworth tractors; and CBP seizes 6 kilos of DMT en route to Arkansas. 

More investment, manufacturing jobs for Mexico

Four companies recently announced big plans in Mexico, including a new factory and several major expansion projects.

Phillips Industries,...

https://www.freightwaves.com/news/more-investment-manufacturing-jobs-for-mexico

Nuvocargo raises $12M in Series A funding

Nuvocargo, a New York-based cross-border digital logistics startup, has raised $12 million in Series A funding in a round co-led by QED Investors.

The 2-year old company will use the funds to ramp up its product road map and hiring, officials said. The FreightTech firm and licensed customs broker works with shippers to move cargo between the U.S. and Mexico.

“Nuvocargo will soon offer products and services that help truckers, small and medium-sized businesses (SMBs), and businesses across...

https://www.freightwaves.com/news/nuvocargo-raises-12m-in-series-a-funding

Nuvocargo upgrades cargo shipment visibility platform

Nuvocargo recently updated its platform to include bilingual tracking features, as well as tools to provide shippers with more visibility for U.S.-Mexico cargo shipments.

The new visibility tools triple the number of tracking points available for customers to monitor their cross-border shipment in real time on Nuvocargo’s platform, Deepak Chhugani, founder and CEO, said in a release.

“These new tracking notifications give our customers access to more visibility, knowing exactly the moment their...

https://www.freightwaves.com/news/nuvocargo-upgrades-cargo-shipment-visibility-platform

Cross-border operators discuss trends in 2021

The cross-border transportation and logistics industry faced unprecedented disruption in 2020 due to the COVID-19 pandemic, as well as changes brought on by the United States-Mexico-Canada Agreement (USMCA).

Following are some observations from brokers, trade analysts and freight-tech providers relating to cross-border operations moving into the new year.

Deepak Chhugani, founder and CEO of Nuvocargo: “Mexico is now the U.S.’ No. 1 trade partner. The China-U.S. trade war, as well as the COVID-19...

https://s29755.pcdn.co/news/cross-border-operators-discuss-trends-in-2021

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