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US-Mexico trade

Noi Mahoney Thursday, January 14, 2021

Redwood Mexico: ‘Freight has come roaring back’ at Laredo crossing

Cross-border trade is strong but could be affected by everything from driver shortages to the freight imbalance to the Mexican peso in 2021. FreightWaves recently caught up with Troy Ryley and Jordan Dewart from Redwood Mexico, part of Redwood Logistics, a logistics platform company headquartered in Chicago. Redwood Logistics’ portfolio includes digital freight brokerage, freight […]

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Noi Mahoney Tuesday, December 15, 2020

Uber acquires Mexican grocery delivery service

Uber’s (NYSE: UBER) acquisition of Mexican grocery delivery startup Cornershop was approved on Monday by Mexico’s Federal Commission of Economic Competition (COFECE). The approval from COFECE was the last part of the acquisition. Terms of the deal, which gives Uber a majority stake in the company, were not disclosed. The acquisition furthers the expansion of […]

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Noi Mahoney Sunday, August 2, 2020

Borderlands: Survey highlights China’s dominance of rare earth metals; Coca-Cola FEMSA acquires 45 Kenworth trucks

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Concern for China’s supply dominance of rare earth metals; CEVA Logistics to operate a warehouse for IKEA in Mexico; Coca-Cola FEMSA acquires 45 Kenworth trucks; Nikola’s new factory to rely on cross-border supply chain.

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Noi Mahoney Wednesday, July 22, 2020

Parts shortage from Mexico slows Volvo plant in US

Volvo Cars is facing supply chain issues from factories in Mexico, according to CEO Hakan Samuelsson. Samuelsson said supplier issues in Mexico and lower demand for its S60 sedans were partly to blame for the Ridgeville, South Carolina, plant being idle since June 3. “First is the disturbances in the supply of parts from Mexico. […]

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Noi Mahoney Sunday, March 8, 2020

Borderlands: Cross-border trucking officials discuss freight markets; Mexico’s auto industry attracts $3.9 billion in foreign investment

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexican trucking officials discuss cross-border goals; CBP finds $590,000 of meth in shipment of stone items; Mexican automotive industry’s 2019 foreign investment: $3.9 billion; Helion targets car and heavy-duty truck dealers around Dallas.

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Noi Mahoney Wednesday, January 29, 2020

Trump signs USMCA, ‘ending the NAFTA nightmare’

President Donald Trump on Wednesday signed into law a revamped pact with Mexico and Canada that replaces the 26-year-old North American Free Trade Agreement (NAFTA). The United States-Mexico-Canada Agreement (USMCA) “overhauls” the rules for trading agriculture, manufacturing and services with Mexico and Canada, Trump said. “Today we’re finally ending the NAFTA nightmare and signing into […]

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Noi Mahoney Thursday, January 9, 2020

Trade war helps keep Mexico as top US trading partner

Mexico continues to be the top trading partner for the United States, ranking No. 1 in total trade value through November, at $567.81 billion.  It marks the 11th straight month Mexico has been in first, with Canada second and China third. China had led the list from July 2017 until December 2018.  The ongoing trade […]

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Noi Mahoney Tuesday, January 7, 2020

Cross-border 3PL inks warehouse deal in Laredo

Third-party logistics provider Source Logistics recently signed a pre-lease agreement to rent the new 423,280-square-foot building No. 2 at the Port Grande logistics facility in Laredo, Texas. The new facility is 10 miles from the U.S.-Mexico border and features a 32-foot ceiling clearance, 120 dock-high doors, four ground-level doors, a large, secured truck courtyard, 242 […]

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