The ongoing shortage of semiconductor chips has affected the production of around 800,000 vehicles across the U.S., Canada and Mexico.
The trade agreement’s rules governing how much of a car must consist of North American parts could incentivize automakers to set up more assembly plants in the U.S.
Truck retail sales in Mexico fell 21% for the month; exports declined 16%.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volkswagen Taos starts production in Mexico; Lalamove launches delivery services in Dallas; Dachser Mexico expands in Querétaro; and OmniTRAX grows in South Texas.
As car manufacturers resume production, the trickle-down effect may breathe new life into the hard-hit auto hauling industry.
Companies that have been outsourcing and far-sourcing their supplies might now look to source closer to their assembly line to have flexibility during times of disruption.
Manufacturing outlook: The coming week will give some insights into the outlook for manufacturing activity in the Northeast region via the Empire State Manufacturing Index. The overall segment remains depressed […]
Tender rejections: Looking into the week, we expect the capacity to continue to loosen as volumes remain at midwinter levels. Occasional surges in demand are not unheard of in February, […]
Diesel fuel price outlook The rack-to-retail spread has widened to more than $1.10/gallon, creating an unearned windfall for trucking carriers. Diesel markets have been sliding in part on an overall […]
