Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexican government aims to regulate Asian e-commerce imports; Emerson Electric plans $22.5M factory in Chihuahua; Chinese firm plans $20M machinery factory in Leon, Mexico; and Investment firm constructing logistics center in Laredo, Texas.
Mexican government aims to regulate Asian e-commerce imports
The Mexican government plans to enforce new customs regulations...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cross-border trade helping Mexico narrow gaps in technology; Investment firm acquires 2.3M-square-feet of logistics space in Houston; CJ Logistics America leases 1M-square-foot facility near Dallas; and Texas car hauler acquires three logistics firms.
Cross-border trade helping Mexico narrow gaps in technology
While Mexico continues to grow as a critical hub in global...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cyberattacks rise in Mexico as cross-border trade grows; California begins construction of second Otay Mesa border port of entry; Yamato Transport launches cross-border trucking service; and Buchanan Capital Partners acquires Texas logistics warehouse.
Cyberattacks rise in Mexico as cross-border trade grows
Mexico has seen a surge in cybercrime, including ransomware,...
Mexican authorities said they are on track to produce and export a record number of passenger vehicles and pickup trucks in 2024.
From January through November, auto factories in Mexico produced 3.7 million units, a 5.6% year-over-year increase, according to data released Friday from the National Institute of Statistics and Geography (INEGI).
Pickup trucks accounted for 76% of total vehicles produced at Mexican auto factories during the first 11 months of the year, INEGI said.
Vehicles exported...
https://www.freightwaves.com/news/mexicos-automotive-industry-exports-289309-vehicles-in-november
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Texas bridge expansion focused on cross-border trucking; Mexico plans $3B expansion for Port of Manzanillo; John Deere building $55M factory in Mexico; and Speedy Freight opens 50,000-square-foot warehouse near Dallas.
Texas bridge expansion focused on cross-border trucking
The $83 million expansion of the Anzalduas International Bridge will have a significant impact on...
Solvento has raised $12.5 million in a Series A funding round led by venture capital firm Cometa.
Other participants include Quona Capital, Ironspring Ventures, Dynamo Ventures, Proeza Ventures, Zenda Capital and Endeavor Fwd Fund. Notable angel investors include Adalberto Flores, founder and CEO of Kueski, and Tomas Bercovich, founder and CEO of Global 66.
Jaime Tabachnik, co-founder and CEO of Solvento, said the funds will be used to scale its software and financial solutions throughout Mexico...
https://www.freightwaves.com/news/solvento-raises-12-5-million-to-expand-cross-border-trucking
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Toyota pumping $1.45B into Mexico to boost Tacoma production; Union Pacific to serve Volkswagen hub at Texas seaport; South Korean freight transporter to open subsidiary in Mexico; and Nefab expands in Arizona with warehousing and logistics facility.
Toyota pumping $1.45B into Mexico to boost Tacoma production
Japanese automaker Toyota plans to strengthen its...
For the second time in 24 hours, protests on the Mexico side of the World Trade Bridge are disrupting cross-border cargo traffic.
Demonstrators in Nuevo Laredo, Mexico, began blocking the roadway that connects the bridge to Laredo, Texas, around 1 p.m. on Wednesday.
All northbound cargo trucks from Mexico to the U.S. are being redirected to the Colombia Solidarity International Bridge, according to Laredo authorities. The Colombia Solidarity bridge is about 19 miles east of the World Trade Bridge.
https://www.freightwaves.com/news/protesters-in-mexico-resume-blockade-at-texas-border-bridge
A protest at the Mexico border has caused a major backup at the busiest cargo bridge in the U.S.
Around noon on Tuesday, protestors in Nuevo Laredo, Mexico, began blocking the roadway on the Mexico side of the World Trade Bridge that connects to Laredo, Texas.
All northbound cargo trucks carrying goods from Mexico to the U.S. are being blocked at the bridge, said Armando Taboada, assistant director of field operations at the Laredo Field Office.
“There is a protest in the city of Nuevo Laredo …...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Averitt completes major facilities expansion in San Antonio; Bennett Family of Companies opens new facility in Texas; Aerospace manufacturer completes $28M expansion in Mexico; and Mode Global acquires freight brokerage division of Jillamy.
Averitt completes major facilities expansion in San Antonio
Less-than-truckload carrier Averitt is ready to launch its new...