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Trucking

Noi Mahoney Tuesday, March 30, 2021

Agents find $15M in meth in cargo trucks entering from Mexico

U.S. Customs and Border Protection (CBP) agents in Laredo and Pharr, Texas, discovered almost 800 pounds of methamphetamine in two recent shipments arriving from Mexico. The first case happened March 25 at Laredo’s World Trade Bridge. Agents found 367 pounds of alleged methamphetamine in a shipment of industrial magnets. The narcotics had a street value […]

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Noi Mahoney Sunday, November 29, 2020

Borderlands: Arizona-Mexico border trade recovering slowly

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Arizona-Mexico border trade recovering slowly; Averitt Express expands in Laredo; Port of Brownsville FTZ ranks No. 2; and CBP nabs $3M in narcotics at Pharr International Bridge. Arizona-Mexico border trade recovering slowly Cross-border trade between Mexico […]

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Tony Mulvey Wednesday, October 28, 2020

Echo smashes estimates, reporting record revenue and volume

In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million. That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided […]

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