USMCA

Could more cars be made in America after USMCA?

A photograph of a BNSF train traveling through a snowy field.

The North American trade agreement ratified last year could encourage more motor vehicle production in the U.S., a representative for BNSF (NYSE: BRK) said last month on a panel about the new trade deal’s effect on the North American automotive market.

“As we look forward to the next decade, it will be very interesting — lots of change and lots of opportunities as we continue to support this market,” said David Fleenor, BNSF assistant vice president for automotive, during a session at last...

https://www.freightwaves.com/news/could-more-cars-be-made-in-america-after-usmca?

USDA launches weekly report on produce from Mexico, Canada

The U.S. Department of Agriculture (USDA) recently launched a weekly data report on current market trends for key imported crops from Mexico and Canada.

The U.S.-Mexico-Canada Agreement (USMCA) Seasonal Perishable Products Weekly Update will highlight different produce commodities each week, varying to follow importing seasons, trends and crop cycles, officials said. 

“With the impact of COVID-19 on the produce industry, it is critical that we keep an eye on marketplace trends for seasonal and...

https://www.freightwaves.com/news/usda-report-highlights-mexico-canada-produce

$1B USMCA logistics complex planned for Mexico

Officials in Mexico unveiled plans Tuesday for a multimodal logistics center aimed at boosting international trade as part of the United States-Mexico-Canada Agreement (USMCA).

The project will include an investment of $1.2 billion and could generate more than 65,000 jobs in Nextlalpan, a town about 25 miles north of Mexico City, said Alfredo Del Mazo Maza, the governor of the state of Mexico.

Called the USMCA Park Logistics Center, the complex will complement the $3.5 billion Felipe Ángeles...

https://s29755.pcdn.co/news/usmca-logistics-complex-planned-for-mexico

The American Shipper Top 10: Containers overboard, stock selloffs, and an air rebound

Shippers faced many challenges in 2020, and COVID-19 was just one. One ship lost thousands of containers, investors fled shipping stocks early in the year, and airlines faced uncertainty with different strategies.

The American Shipper Top 10 stories of the year are chosen by you, the reader, throughout the year by simply choosing to read our stories. These are the Top 10 stories on americanshipper.com based on page views, from No. 10 to No. 1.

(Photo: Atlas Air)
10. Yeah, no thanks

Atlas Air...

https://s29755.pcdn.co/news/the-american-shipper-top-10-containers-overboard-stock-selloffs-and-an-air-rebound

Commentary: Another iron link for USMCA?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Economic integration within North America cannot work without a reliable transportation infrastructure. Two important forces come into play when building transportation infrastructure: favorable geography and the magnetic pull of preexisting transportation hubs and population centers. Sometimes new locales become prominent and sometimes older ones regain their...

https://s29755.pcdn.co/news/commentary-another-iron-link-for-usmca

Election 2020: For Canada, stakes go beyond trade

Trucks cross the the U.S.-Canada border. The US election could impact cross-border trade.

If Canadians could vote in the U.S. presidential election, more than 70% would choose Joe Biden over President Donald Trump, recent polls show. A major reason: Trump’s propensity to pick trade fights with Canada from aluminum and steel tariffs to restrictions on personal protective equipment exports.

“It’s more predictable with Biden. With Trump, you just never know,” Barry Prentice, a professor of supply chain management at the University of Manitoba, told FreightWaves. 

Despite starkly...

https://s29755.pcdn.co/news/election-2020-for-canada-stakes-go-beyond-trade

$1 billion Mexico-Canada rail link proposed

Mexico-based Caxxor Group is seeking investors for a proposed North American trade corridor aimed at connecting the Mexican Pacific Coast with the United States and Canada through a new rail corridor.

Dubbed the United States-Mexico-Canada Agreement (USMCA) Corridor, the proposed new trade route would require building a logistics terminal in Winnipeg, Canada, and expanding the shipyard at the Port of Mazatlán in Mexico. The new logistics terminals would handle containers, automobiles, bulk...

https://s29755.pcdn.co/news/1-billion-mexico-canada-rail-link-proposed

New USMCA trade deal could increase demand for nearshoring in Mexico

As the coronavirus pandemic continues to disrupt international trade, Mexico stands to benefit from more companies moving manufacturing to North America, said Patrick Ottensmeyer, president and CEO of Kansas City Southern.

“If you look at the interest to our company and our customers, Mexico, as a percentage of the products that are sold to the rest of North America, related to low-cost Asian countries, Mexico’s market share has increased fairly significantly from 2018 to 2019, prior to the...

https://s29755.pcdn.co/news/new-usmca-trade-deal-could-increase-demand-for-nearshoring-in-mexico

The Daily Dash: Broker transparency, truck orders and the Inc. 5000

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the Federal Motor Carrier Safety Administration is seeking input on a potential broker transparency regulation. Plus, the Inc. 5000 is out and logistics and transportation is well represented, Daseke sees a bright future, and Daimler Trucks North America reaches pre-pandemic manufacturing levels.

Tell us what you really think

After months of complaints, the Federal Motor Carrier Safety Administration...

https://www.freightwaves.com/news/the-daily-dash-broker-transparency-truck-orders-and-the-inc-5000

USMCA pushes Asian company to expand in Mexico

Prompted by a new trade agreement and increasing demand for its product, Kyungshin Cable recently completed a $20 million expansion at its factory in Durango City, Mexico.

The South Korea-based company, which produces wire harnesses for the automotive industry, expanded the production capabilities of its Durango City plant and doubled the workforce to around 400 employees.

Kyungshin is transferring production from South Korea to Mexico to comply with the new country-of-origin provisions in the...

https://www.freightwaves.com/news/usmca-pushes-asian-company-to-expand-in-mexico

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