Top 5 US-Mexico trade stories of 2024

In 2023, Mexico supplanted Canada and China as the top source of imports to the U.S. 

Throughout 2024, Mexico solidified its place as the top U.S. trading partner, boosted by cross-border commerce for automotive goods, computers, cell phones, oil and fresh produce.

While U.S.-Mexico cross-border trade continues to rise, other major stories include ongoing cargo theft against carriers and truck driver labor disputes in the country, as well as President-elect Donald Trump’s tariff plans.

As 2024...

https://www.freightwaves.com/news/top-5-us-mexico-trade-stories-of-2024

US-Mexico trade relations enter “uncharted territory,” expert says

Against a backdrop of soaring U.S.-Mexico trade and growth along the border regions, the World Affairs Council of San Antonio, Texas, hosted a panel discussion Wednesday titled “U.S.-Mexico Bilateral Relationship: North America as a Region.”

The panel featured former Mexican Ambassador to the United States Geronimo Gutierrez Fernandez; Romanita Matta-Barrera, chief advancement officer for Greater:SATX Regional Economic Partnership; and Jorge Canavati, principal at logistics provider J. Canavati...

https://www.freightwaves.com/news/us-mexico-trade-relations-enter-uncharted-territory-expert-says

Borderlands Mexico: Port of Eagle Pass, Texas, fastest-growing border crossing in the U.S.

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port of Eagle Pass, Texas, fastest-growing border crossing in the U.S.; Port of Brownsville snags Westa flour mill; Siete Leguas Automotive opens $54M factory in Durango, Mexico; and CBP intercepts $18M worth of meth in shipment of squash.

Port of Eagle Pass, Texas, fastest-growing border crossing in the U.S.

EAGLE PASS, Texas — One U.S.-Mexico border crossing has...

https://www.freightwaves.com/news/borderlands-mexico-port-of-eagle-pass-texas-fastest-growing-border-crossing-in-the-u-s

Borderlands Mexico: Coalition urges Biden, Obrador to address border security 

A broad coalition of almost 30 U.S. and Mexican trade stakeholders is urging Presidents Joe Biden and Andres Manuel Lopez Obrador to address migrant issues they said are impacting cross-border trade.

Led by the Washington-based Border Trade Alliance, the Texas Association of Business and the Confederation of Industrial Chambers of Mexico (CONCAMIN), the coalition on Wednesday sent a letter to Biden and Lopez Obrador asking them to work swiftly to improve the security situation along the border.

“T...

https://www.freightwaves.com/news/coalition-urges-biden-obrador-to-address-border-security

Ryder opens second cross-border facility along Mexican border

Ryder System Inc. has opened a logistics facility in El Paso, Texas, aiming to tap into growing cross-border trade between the U.S. and Mexico.

Ryder’s newly built 50,000-square-foot logistics facility is aimed at supporting global firms that are nearshoring manufacturing operations to Mexico, officials said. The facility is near the Ysleta-Zaragoza International Bridge, which connects El Paso to Juarez, Mexico.

“If you look at the latest numbers, U.S. trade with Mexico is at nearly $800 billion...

https://www.freightwaves.com/news/ryder-opens-second-cross-border-facility-along-mexican-border

Borderlands Mexico: Experts push infrastructure to boost cross-border trade

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,...

https://www.freightwaves.com/news/borderlands-mexico-experts-push-infrastructure-to-boost-cross-border-trade

Borderlands Mexico: Saia partners with Mexican carrier for cross-border service

Less-than-truckload carrier Saia Inc. announced a new partnership with Fletes Mexico, one of the largest trucking companies south of the border.

Fletes Mexico’s less-than-truckload division, Carga Express, and Saia will provide cross-border freight transport for customers. Saia will service Carga Express’ shipments entering the U.S., while Carga Express will transport Saia’s freight traveling into Mexico.

“Our customers will benefit from Carga Express’ network of distribution centers and...

https://www.freightwaves.com/news/borderlands-mexico-saia-partners-with-mexican-carrier-for-cross-border-service

Borderlands Mexico: Developer bullish on industrial real estate on border

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...

https://www.freightwaves.com/news/borderlands-mexico-developer-bullish-on-industrial-real-estate-on-border

Border bridges blocked as rail workers seek back pay, benefits

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Former Mexican rail workers held protests and blockades at U.S.-Mexico border crossings in Arizona...

https://www.freightwaves.com/news/border-bridges-blocked-as-rail-workers-seek-back-pay-benefits

Computer issues paralyze trade between US and Mexico

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Delays from the customs system on Mexico’s side of the border have snarled commercial truck traffic...

https://www.freightwaves.com/news/computer-issues-paralyze-trade-between-us-and-mexico