Port Laredo

Port Laredo No. 1 in exports for 2020

In 2020, Laredo, Texas, once again led the U.S. in exports, according to the latest Census Bureau data analyzed by WorldCity.

Port Laredo finished on top of the rankings for exports for the second straight year, totaling $80 billion in outbound shipments during 2020. 

Laredo’s top 10 exports were motor vehicle parts ($8.9 billion), engines ($3.4 billion), gasoline ($3.1 billion), engine parts ($1.2 billion), plastics ($1.1 billion), cell phones ($1.1 billion), taps and valves for pipes ($1...

https://s29755.pcdn.co/news/port-laredo-no-1-in-exports-for-2020

Borderlands: Laredo gets third cold storage inspection facility

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo gets its third cold storage inspection facility; a Texas trucking company is acquired by Phoenix Logistics; SE-Freight gets 30 Kenworth trucks; and Revere Plastics acquires a Mexican factory.

Laredo gets third cold storage inspection facility

Officials in Laredo, Texas, are planning to build a third temperature-controlled federal import inspection facility to...

https://s29755.pcdn.co/news/laredo-gets-third-cold-storage-inspection-facility

China edges past Mexico as top US trade partner

China is again the top trading partner of the United States, with trade totaling $59.6 billion in October, according to data from the U.S. Census Bureau.

China’s total trade with the U.S. rose 25% in October compared to the same month a year ago, with imports from China increasing 14% and U.S. exports to China increasing 51%.

Mexico fell to No. 2, as its total trade with the U.S. rose a moderate 0.57% to $53.66 billion in October, compared to the same period in 2019. Canada was third with $48...

https://www.freightwaves.com/news/china-is-top-us-trade-partner

October truck crossings rise 5% at Port Laredo

The World Trade and Colombia Solidarity bridges in Laredo, Texas, saw 10,426 more commercial truck crossings in October compared with October 2019, according to the city of Laredo.

Commercial truck crossings totaled 220,260 vehicles in October, compared with 209,834 during the same period last year, a 5% increase. 

It was the second straight month that international truck crossings rose at the United States-Mexico border port of entry in Laredo. Cross-border truck crossings saw a 7.7%...

https://s29755.pcdn.co/news/october-truck-crossings-rise-5-at-port-laredo

US-Mexico border trading hubs continue to struggle

International ports along the United States-Mexico border continued to post double-digit declines in trade as the global economy struggled to recover from the economic impact of the coronavirus pandemic.

Two-way trade at Port Laredo fell 19% to $126.49 billion through the first eight months of the year, dropping the port to No. 4 among the nation’s 450 airports, seaports and border crossings in 2020, according to the latest Census Bureau data analyzed by WorldCity. 

For the month of August, Port...

https://www.freightwaves.com/news/us-mexico-border-trading-hubs-continue-to-struggle

Mexico once again No. 1 US trade partner

Mexico is again the top trading partner of the United States, with two-way trade totaling $290.6 billion from January through July.

The ongoing US-China trade spat and subsequent U.S. tariffs on $500 billion of Chinese goods, helped catapult Mexico back to No. 1 in July. 

According to data released Thursday by the U.S. Census Bureau, Mexico’s exports to the U.S. totaled $173.1 billion for the first seven months of the year. Mexican imports from the U.S. totaled $117.5 billion during the same...

https://www.freightwaves.com/news/mexico-once-again-no-1-us-trade-partner

International trade at Texas ports falls sharply

Most ports across Texas saw steep declines in imports from Mexico and other countries as the coronavirus continues to impact international trade.

Trade at the Port of El Paso plunged 49%, from $39 billion to $20 billion through the first six months of 2020 when compared to the same period in 2019, according to WorldCity analysis of U.S. Census Bureau data.

Port Laredo’s trade fell 23% to $90 billion through the first six months of the year, while trade at the Port of Houston fell 20% to $64...

https://www.freightwaves.com/news/international-trade-at-texas-ports-falls-sharply

US-Mexico truck crossings saw major decline across Texas in May

For the second straight month, international truck crossings dropped dramatically at ports across Texas.

The World Trade and Colombia Solidarity bridges in Laredo, Texas, saw 68,473 fewer commercial truck crossings from Mexico in May compared with May 2019, according to the city of Laredo.

The 33% decline in truck traffic at Port Laredo was the second consecutive month of double-digit declines, with international crossings falling 21% in April. 

Laredo had a total of 142,144 truck crossings in...

https://s29755.pcdn.co/news/us-mexico-truck-crossings-saw-major-decline-across-texas-in-may

US-Mexico truck crossings decline 22% at Port Laredo in April

The World Trade and Colombia Solidarity bridges in Laredo, Texas, saw 41,100 fewer commercial truck crossings in April compared with April 2019, according to the city of Laredo.

Laredo’s bridge revenue for April was $3.6 million, down 36.3% from $5.6 million in April 2019.

Commercial truck crossings totaled 148,447 vehicles in April, compared with 189,598 during the same period last year, a 21.7% decline. 

The decline was caused by Mexico’s closure of all nonessential businesses on March 30 to...

https://www.freightwaves.com/news/us-mexico-truck-crossings-decline-22-at-port-laredo-in-april

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