USMCA

Mexico breaks record for cargo vehicle production, exports

Exports of heavy-duty cargo trucks to the U.S. helped propel truck makers in Mexico to their best year ever, as production increased 20.6% year over year (y/y), according to Miguel Elizalde, president of Mexico’s National Association of Bus, Truck and Tractor Producers (Anpact).

During 2022, the 16 truck makers that are members of Anpact manufactured 195,789 heavy vehicles, beating the previous record of 195,499 vehicles manufactured in 2019.

Exports of trucks in 2022 totaled 166,878 units, an...

https://www.freightwaves.com/news/mexico-breaks-record-for-cargo-vehicle-production-exports

Borderlands: Xometry CEO predicts expanded manufacturing in US 

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Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking...

CP CEO: KCS merger opens up Lazaro port as Pacific alternative

NEW YORK — With the merger of Canadian Pacific and Kansas City Southern awaiting final U.S. government approval in 2023, the CEOs of both companies presented their case about the benefits of the deal Tuesday to an audience of rail executives. 

The presentations at Progressive Railroading’s RailTrends conference by Keith Creel, CEO of Canadian Pacific (NYSE: CP), and Patrick Ottensmeyer, CEO of KCS, both highlighted on a screen the map that drove the $31 billion merger that was completed about a...

https://www.freightwaves.com/news/cp-ceo-kcs-merger-opens-up-lazaro-port-as-pacific-alternative

Nowports aims to be supply chain ally for Latam trade

Nowports aims to be supply chain ally for Latam trade 

When Alfonso De los Ríos co-founded digital freight forwarder Nowports, the goal was to impact Latin America’s trade industry using cutting-edge technology.

De los Ríos, 23, said he had become interested in how trade affected the development and economies of countries in the region.

“When we decided to start Nowports, it wasn’t too much about logistics or trade, it was more about the impact that trade had in Latin America,” De los Ríos, also...

https://www.freightwaves.com/news/nowports-aims-to-be-supply-chain-ally-for-latam-trade

How US trade policy is making the baby formula shortage worse

Partially empty shelves of infant formula with a sign alerting consumers.

Policy analysts say a series of U.S. trade restrictions, including ones engineered under the Trump administration, and lean manufacturing practices help explain why stores can’t easily replenish stocks of baby formula. The taxes and extra regulatory hoops make it expensive and difficult to import the specialized baby food.

The U.S. produces 98% of the infant formula it consumes, but that self-sufficiency is being tested by limited availability of ingredients because of supply chain disruptions,...

https://www.freightwaves.com/news/protectionism-red-tape-hinder-baby-formula-resupply-analysts-say

Mexico increasingly attractive for US shippers, manufacturers

Economic growth in Mexico has caught the attention of many U.S. manufacturers and shippers looking to nearshore or take advantage of Mexico’s improving transportation networks and young, educated workforce. It seems that Mexico and the U.S. share more than just a border.

“A lot of companies that went to China, Thailand or Vietnam are considering bringing their investments back to North America,” said Kenneth Smith Ramos, a partner at Agon, a full-service antitrust and regulatory advisory firm in...

https://www.freightwaves.com/news/mexico-increasingly-attractive-for-us-shippers-manufacturers

Borderlands: Mexican fishing vessels will be barred from US Gulf ports

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexican fishing vessels will be barred from US Gulf ports; Mexico drops to third place among U.S. trade partners; Canada joins Mexico in a USMCA automotive dispute; and FedEx will open a distribution center in central Texas. 

US to close Gulf of Mexico ports to Mexican fishing vessels

Mexican fishing vessels will not be able to enter U.S. ports in the Gulf of Mexico...

https://www.freightwaves.com/news/mexican-fishing-vessels-will-be-barred-from-us-gulf-ports

Canada threatens US with tariffs over EV tax credit

A tractor-trailer passes by a US, Canadian and United Nations flagl

The Canadian government is threatening to impose tariffs on U.S. exports and suspend select provisions of the United States-Mexico-Canada Agreement over a proposed tax credit for U.S electric vehicles.

Tariffs would target U.S. exports “in a manner that will impact American workers in the auto sector” as well as other industries, Deputy Prime Minister Chrystia Freeland and Trade Minister Mary Ng wrote in a letter to eight U.S. senators Friday. Additionally, Canada is considering suspending parts...

https://www.freightwaves.com/news/canada-threatens-us-with-tariffs-over-ev-tax-credit

US settles labor dispute with Mexican auto parts factory

The U.S. parent company of a Mexican auto parts factory has agreed to recognize worker rights and pay back wages to laid-off employees to settle a labor rights complaint filed under the United States-Mexico-Canada Agreement (USMCA).

The agreement under the trade pact was announced Tuesday by the U.S. Trade Representative and the Tridonex plant in Matamoros, Mexico.

“The agreement reached with Tridonex to provide severance, back pay and a commitment to neutrality in future union elections shows...

https://www.freightwaves.com/news/us-settles-labor-dispute-with-mexican-auto-parts-factory

“What spurred construction of Laredo’s World Trade Bridge?”

On April 24, 2000, the World Trade Bridge in Laredo, Texas, held a dedication ceremony to great public fanfare.

Then-Texas Gov. George W. Bush attended the grand opening, along with President Ernesto Zedillo of Mexico.

The eight-lane, $128 million World Trade Bridge crosses over the Rio Grande River and connects Laredo to Nuevo Laredo, Mexico. It was constructed to handle the rapid growth of commercial truck traffic between Mexico and the United States.

“Today we are celebrating not just a bridge...

https://www.freightwaves.com/news/what-spurred-construction-of-laredo-world-trade-bridge

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