Solvento raises $12.5 million to expand cross-border trucking
Mexico City-based Solvento has raised $12.5 million in a Series A round to help provide trucking companies with access to payment solutions.
Cross-Border Trucking, Freight & Supply Chain Coverage
Stay up to date on key developments related to U.S.-Mexico cross-border trucking, freight, and supply chain news here, or visit our cross-border trucking archive to find additional news, information and insights.
Mexico City-based Solvento has raised $12.5 million in a Series A round to help provide trucking companies with access to payment solutions.
This week in Borderlands: 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.
For the second time in 24 hours, protesters are disrupting cross-border cargo traffic at Laredo’s World Trade Bridge.
A protest at the Mexico border has caused a major backup at the World Trade Bridge in Laredo, Texas.
This week in Borderlands: 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.
This week in Borderlands: Major expansion project announced for Port of Progreso; Kawasaki Motors inaugurates $200M plant in Mexico; Logistics provider Veho expands into Texas; and Videndum moves into Phoenix logistics location.
This week in Borderlands: Truck driver salaries in Mexico averaging $423 a month in 2024; Horizon Auto Logistics opens office in Veracruz, Mexico; LG Electronics opens $60M plant in Central Mexico; and Texas bridge project receives $80 million in federal funding.
Uber Freight is expanding international operations with a new customs-focused office in Nuevo Laredo, Mexico.
This week in Borderlands: Port of Corpus Christi becomes global crude oil supplier; Port of Brownsville secures $43M loan for ship channel expansion; US Lumber Brokers acquires Texas distribution center; and Holt Truck Centers expands across Texas with acquisition.
Mexico’s Congress has passed legislation that would reverse railroad privatization laws enacted in the 1990s and give the government more control over rail operations, particularly passenger rail.
Federal officials’ proposal to ban cargo trucks from a Texas border bridge has drawn criticism from the trade community.
This week in Borderlands: US-Mexico trade hit $74B in August, Port Laredo No. 1 again; Imperative Logistics Group acquires freight forwarder Jamco; Gebruder Weiss partners with Mexico load board Cargado; and Avery Dennison opens $100M facility in Queretaro, Mexico.
This week in Borderlands: Gulf Coast ports slam US tariffs on Chinese container cranes; Volkswagen inaugurates $114M Gulf Coast shipping hub in Texas; Southeastern Freight Line launches direct route to New Mexico; and Warehouse On Wheels opens location in Mexico.
This week in Borderlands: crime, labor top concerns about nearshoring in Mexico; cargo rail theft up 119% across Mexico in July; Texas trucking company owner sentenced for Mexico-to-Chicago drug pipeline; and industrial equipment maker opens factory in Juarez, Mexico.
Presidential nominee Donald Trump calls for 200% tariffs on John Deere tractors if the company moves more jobs to Mexico.
Cargado CEO and cofounder Matt Silver announced Monday a first-of-its-kind invite-only load board for cross-border Mexico freight.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Organized crime groups fuel cargo theft surge in Mexico; Outpost expands […]
A severe storm on Saturday night forced authorities to temporarily close the busiest U.S.-Mexico commercial trade bridge in Laredo, Texas.
This week in Borderlands: Texas truckers taking labor protest to the Big Apple; Exports of Mexico-built cargo trucks rise in August; Mexico’s largest bank opens office in Houston dedicated to nearshoring; and Stonepeak acquires 1.1 million -square-foot logistics property in Texas.
This week in Borderlands: Wiliot chatbot would like a word about food supply chain safety; Maersk opens logistics warehouse in El Paso; Stotland Trucking expands operations in Texas; and Continental Tire plans $87M Fort Worth production facility.
U.S. and Guatemalan authorities say they have dismantled a human smuggling enterprise in Guatemala responsible for the deaths of 53 migrants in a tractor-trailer in San Antonio in 2022.
Ford plans to invest $273 million at its plant in Irapuato, Mexico, to produce EV drive units for the Mustang Mach-E.
This week in Borderlands: Carrier says transition to zero emissions critical to better air quality; Texas waterway receives $357M loan to improve shipping channel; Sinoboom plans to build $150M factory in Guanajuato, Mexico; and Grupo Mexico Transportes set to acquire Mobile-based CG Railway.
Experts explore the strength and challenges of growing trade between the U.S., Mexico and Canada during a panel discussion Wednesday in San Antonio, Texas.
Mexico registered a record $31 billion in foreign direct investment in the first half of the year.
As nearshoring increases the volume of products carried across the U.S. border, seizures of illegal narcotics from freight are also on the rise.
This week in Borderlands: Truck cargo theft up as thieves grow more violent, savvy; Chinese manufacturer to build $100M factory near Houston, create 100 jobs; 236,000-square-foot transload facility planned for Laredo, Texas; and Continental begins construction of $90M plant in Mexico.
This week in Borderlands: $44 million expansion begins at Pharr international bridge; China-based tire maker to build $500 million factory in northern Mexico; RK Logistics acquires warehouse in Arizona to support clients; and new distribution and logistics center planned for Austin, Texas.
U.S. Customs and Border Protection has begun requiring trucks using ports of entry in South Texas to display the QR code of their cargo manifests on windshields.
Mexico accounted for a record $415 billion in U.S. trade through the first six months of 2024.
Trimble’s Transporeon report identifies key developments impacting the future of truckload transportation in North America, including concerns about freight fraud.
This week in Borderlands: Laredo summit highlights critical trade issues around security, transportation; BSH Home Appliances launches $240M factory in Monterrey; $132M inland port planned for Celaya, Mexico; and Green Worldwide Shipping opens branch in South Texas.
U.S. Customs and Border Protection last week seized 3,400 pounds of methamphetamine on the Southern border and 266 pounds of cocaine on the Northern border – all on the same day.
This week in Borderlands: Surging cross-border flows a boon for operators like DHL; Cargo rail theft up 99% across Mexico in May; Australian clothing retailer selects Cart.com as US fulfillment partner; and Venture Solutions opens logistics warehouse in Laredo, Texas.
The city of Laredo, Texas, is requiring that all trucking operators using the World Trade Bridge have a $100 minimum in their automated vehicle identification accounts to pay crossing fees.
This week in Borderlands: Werner marks 25 years of operations in Mexico; Diehl Aviation investing $49 million to build factory in Mexico; TCA adds Olympic Transport as first Mexican carrier member; and South Texas getting new cold storage warehouse near border.
This week in Borderlands: Bridge49 alliance wants nearshoring to go high-tech; Ocean Network Express unveils new Asia-Mexico service; new tractor-trailer parking facility opens in Phoenix; and rail facility along Houston Ship Channel opens for tenants.
Mexico remained the top trading partner for the U.S. in May, at $73 billion.
Mexico truckers averaged about five cargo truck thefts per day across the country’s roadways in June.
This week in Borderlands: Ambitious billion-dollar Tehuantepec rail corridor aims to grab more international trade; GrubMarket acquires Houston-based foodservice distributor; Production of Mexican-built cargo trucks rise in June; and Metrobi launches delivery service in Dallas.
Authorities in the United States and Mexico announced 25% tariffs on foreign-made steel from China and other countries routed through Mexico.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: California’s electric truck mandate could affect Mexican transporters; Mexico’s Isthmus of […]
Mexico is dropping its plan to ban imports of genetically modified yellow corn from the U.S., officials say.
US, Mexican truckers unite for a protest caravan in West Texas to highlight low wages, poor working conditions in both countries.
This week in Borderlands: ImportYeti launches tool to help brands source Mexico-made goods; Pharr bridge construction expansion project set to begin in August; Hammond Power Solutions opens fourth plant in Mexico; and United Kingdom-based logistics company opens Dallas office.
Federal investigators in California recently ordered three logistics operators to pay more than $840,000 in back wages and penalties to Mexico-based warehouse workers.
Avocado inspections and shipments have resumed a week after being interrupted by protests in Mexico.
This week in Borderlands: Private sector investment in Mexico $39B so far in 2024; BNSF announces intermodal logistics hub near Phoenix; Trailer manufacturer launches production facility in Eagle Pass, Texas; and Doosan Bobcat begins construction of $300M plant in Mexico.
Avocado inspections and shipments from Michoacan, Mexico, have been suspended after U.S. inspectors were assaulted.
Averitt is preparing for a boom in cross-border shipments with a major expansion of its distribution and service center in San Antonio.
This week in Borderlands: Evans Transportation launches cross-border service amid trade boom; TexAmericas Center receives Union Pacific “focus site” designation; Chemvest Holdings US acquires Texas rail-served industrial park; and DHL Express expands retail presence in Houston area.
This week in Borderlands: China-to-Mexico freight spurs growth in Laredo, Texas; BNSF sues Texas city over stalled logistics center; RJW Logistics acquires second warehouse near Dallas; and sportswear giant Puma opens distribution center near Phoenix.
This week in Borderlands: Kuehne+Nagel is expanding in Texas to meet rising manufacturing demand; Canadian government opens cross-border trade office in Arizona; China-based automotive supplier opens factory in Aguascalientes, Mexico; and new 500,000-square-foot logistics hub being constructed near Dallas.
The U.S. wants a labor rights investigation of a Volkswagen factory in Puebla, Mexico.
This week in Borderlands: 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.
Bridging the AI gap in U.S.-Mexico trade is essential for trade growth, experts say.
Mexico’s major seaports handled a record 2.9 million twenty-foot equivalent units during the first four months of the year.
DP World is launching an intermodal service to transport finished vehicles by rail from Mexico to the U.S.
This week in Borderlands: Nearshoring to continue boosting US-Mexico trucking in 2024; Careismatic Brands to close Dallas distribution hub, lay off 404 employees; ITS Logistics to open office in Fort Worth; and Aztema begins construction of $240M tire plant in Mexico.
This week in Borderlands: Mexican authorities recorded 153 tractor-trailer thefts in April; BMW begins construction of $860M EV battery plant in Mexico; Port of Beaumont completes $85M roll-on/roll-off dock; Taiwanese automotive supplier opens factory in central Mexico.
A coalition of U.S. and Mexican stakeholders is urging Presidents Joe Biden and Andres Manuel Lopez Obrador to address migrant issues impacting cross-border trade.
U.S. trade with Mexico totaled $200 billion in the first quarter, led by shipments of vehicles, auto parts, gasoline and computers.
U.S.-Mexico logistics startup Cargado has raised $6.8 million in seed funding to simplify cross-border logistics.
This week in Borderlands, developers bullish on Texas logistics real estate; Waabi opens autonomous trucking terminal near Dallas; New Zealand logistics company invests in Texas facility; and Tier 1 automotive supplier expands in northern Mexico.
Trucking companies in the United States are violating cabotage rules by misusing Mexico-based B-1 visa drivers, allege stakeholders in Texas.
Ryder continues expanding its cross-border operations with a new logistics facility in El Paso, Texas.
Texas-run truck inspections are causing hourslong waits at the Mexican border for cargo truckers in El Paso.
This week in Borderlands: China boosts its Mexico investments as nearshoring opportunities grow; Realterm acquires truck terminal in El Paso, Texas; Horton Automatics opens plant in Matamoros, Mexico; and Schunk invests $7 million to expand in Mexico.
U.S. agricultural exports to Mexico are forecast to rise to a record $28.4 billion in fiscal year 2024.
This week in Borderlands: 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.
Mexico was the United States’ top trading partner in February, with two-way commerce totaling $67 billion.
This week in Borderlands: Samsara opens new office to focus on expanding cross-border trade; TriumphPay expands payments network to Mexico; China-based auto supplier to build $36M factory in Mexico; and Quantix acquires hazardous waste hauler in Houston.
A California carrier made history Thursday by using an electric truck to haul freight across the U.S.-Mexico border.
Saia is partnering with one of Mexico’s largest carriers, Fletes Mexico, to provide cross-border less-than-truckload services.
This week in Borderlands: Investment surges in Mexico as companies shift supply chains, plan new factories; Michigan 3PL acquires Mexican freight brokerage, signs lease for Arizona warehouse; American Woodmark opens $45M plant in Monterrey, Mexico; and Zipline Logistics acquires supply chain provider Summit Eleven.
This week in Borderlands: Echo Global Logistics grows cross-border footprint as trade booms; Maersk launches cross-border warehouse in Tijuana; Yokohama announces $380M tire plant in Mexico; and Legendz Way to open distribution center in North Texas.
Wise PanAmerican Solutions has seen an increase from international companies interested in doing business with Mexico.
This week in Borderlands: Container shipments from China to Mexico skyrocketed in January; construction set for border logistics park in West Texas; Nippon Steel set to build $71M plant in Mexico; and China-based auto supplier announces $178M investment in Mexico.
Mexico ranked as the United States’ top trading partner in January, accounting for $64.5 billion in cross-border commerce.
This week in Borderlands: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston.
Ports across Mexico moved 728,116 twenty-foot equivalent units during January, a 20% year-over-year increase.
A Mexico-based real estate developer is seeking partners to develop $1.7 billion in industrial and logistics parks along the U.S.-Mexico border.
This week in Borderlands: Texas-based customs broker expands cross-border footprint; Pennsylvania-based mushroom grower expands production into Mexico; Impilo expands distribution network with Phoenix warehouse; and TT Electronics opens factory along US-Mexico border.
This week in Borderlands: Shifting supply chains boost trade in California-Baja mega-region; Union Pacific opens expanded Phoenix intermodal terminal; Radiant Logistics expands air cargo operations in Texas; and avocado workers in Mexico file labor complaints.
Ryder has opened a new logistics center in Laredo, Texas, as trade continues to expand between the U.S. and Mexico.
This week in Borderlands: Cross-border logistics firms expand operations into Mexico; Texas State Highway 130 toll road truck traffic up over 9%; Karat packaging opens new distribution facility in Arizona; and Pirelli opens Mexico training center, hits 50M-tire milestone.
Retired rail workers in Mexico created blockades at border crossings in Arizona and Texas on Wednesday, seeking severance pay and benefits from Mexican authorities.
Mexico’s trade with the U.S. rose 2.5% year over year to $798 billion in 2023, boosted by exports of fuel and imports of passenger cars.
This week in Borderlands: Zerio focused on technologizing global supply chain security compliance; Port Houston welcomes new Latin America shipping container service; Tesla auto parts supplier expanding Texas logistics operation; and Korean EV parts maker opens factory in Mexico.
Delays from the customs system on Mexico’s side of the border disrupted cargo truck traffic for several days in California and Texas.
Avocados and beer from Mexico are gaining popularity as staples at Super Bowl Sunday watch parties.
Workers at a Goodyear Tire plant in Mexico were awarded over $4 million in back pay by U.S. and Mexican authorities after a labor rights investigation.
Several hundred people gathered for rallies in three border states Saturday as part of the “Take Our Border Back” convoy that traveled from Virginia to Texas last week.
This week in Borderlands: Mexico’s truckers plan nationwide strike against cargo theft; EV maker Lucid expands its U.S. manufacturing facility; Grainger announces new distribution center near Houston; and supply chain services provider Kinaxis opens Dallas office.
A convoy of trucks and other vehicles are reportedly heading to the Mexico border calling on the federal government to take action against illegal immigration.
This week in Borderlands: Continental AG announces $90M manufacturing facility in Mexico; 3PL Outerspace opens fulfillment operations in Arizona; South Texas border logistics park announces expansion; and CBP seizes tramadol at Laredo’s World Trade Bridge.
Matt Silver launches US-Mexico logistics startup Cargado with $3 million in pre-seed funding.
This week in Borderlands: Nearshoring forecast to boost US-Mexico trade in 2024; Texas receives $70M grant for hydrogen fuel stations; automotive manufacturer announces $400M factory in Mexico; and Texas logistics park receives $1.5M grant to expand services.
This week in Borderlands: Mexico top US trade partner in November, Laredo No. 1 gateway; PSC Group acquires rail terminal in South Texas; automotive firm inaugurates $55 million expansion in Mexico; and CBP seizes $5M worth of cocaine at Texas border crossing.