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.
Supply chain-focused startups Sayari, TrusTrace, Cart.com and Kusari recently secured a combined $330 million in capital investments.
WWL Vehicle Services Americas is closing a Houston logistics operation and moving to Freeport, Texas.
Canadian authorities shut down two trucking companies in the Vancouver area that are tied to recent highway collisions.
APM Terminals announced a deal with Plaquemines Port to build a $500 million container terminal near the Port of New Orleans on the Mississippi River.
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.
GXO Logistics is closing a Memphis distribution facility and laying off 211 workers.
Maersk has opted to bypass the drought-stricken Panama Canal and use rail to transport cargo across Panama.
Two crew members died and another was injured after an early morning fire aboard a container ship at Port Houston.
Ryder has opened a major distribution center in Indiana for printing giant Lexmark, which has manufacturing sites in the U.S. and Mexico.
Seattle-based logistics startup Flexe is laying off 99 workers, its third round of layoffs in two years.
Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.
Several Texas border cargo bridge projects could be fast-tracked after President Joe Biden signed a new law to speed up the permitting process.
This week in Borderlands: Cargo insurance can boost cross-border operators’ business; Ryder System leases logistics center near Dallas–Fort Worth; Paccar Inc. announces $50M investment in Mexico truck factory; and thefts from cargo trains in Mexico rose in September.
CBP has reopened four Southwest ports of entry about one month after a migrant surge led to closures in Texas, Arizona and California.
Universal Logistics Holdings announced a $50 million expansion in Virginia to boost its heavy-truck division.
Genesee & Wyoming announced a partnership with Grupo Mexico to expand rail car-ferry service between ports in the U.S. and Mexico.
Canada-based carrier Chohan Freight Forwarders has been ordered to cease operations after multiple overpass collisions in two years.
This week in Borderlands: Lean Solutions Group making big moves in Mexico; China-based tire maker opening $240M facility in Mexico; Mexican authorities again postpone Carta Porte tax document; and new logistics park begins construction along Texas-Mexico border.
A man was arrested Wednesday in Houston after a police chase of his tractor-trailer ended in a confrontation with SWAT team members.
Cargo thieves hijacked a $380,000 tequila shipment from Mexico that was headed to a North Carolina distributor.
Trade between the U.S. and Mexico is forecast to continue to expand in 2024, boosted by nearshoring and increased Mexican exports.
Cart.com recently secured $30 million in venture capital aimed at boosting the e-commerce startup’s balance sheet.
This week in Borderlands: Exports of Mexican-built cargo trucks fell in November; Rotor Clip opens global distribution center in Texas; Chinese automotive supplier completes $30M expansion in Mexico; and border officials seize $10M worth of narcotics in jalapeno paste.
Mexican officials recently approved a $5 charge on containers moving through the Port of Ensenada.
The Port of New Orleans is receiving a $73.77 million federal grant to assist in building the $1.8 billion Louisiana International Terminal.
The United States imported over $4 billion worth of imports of Christmas decorations in 2022, with most coming from China, Vietnam and Mexico.
Cargo volumes were a mixed bag at Gulf Coast ports in November, with Houston reporting declines and New Orleans and Corpus Christi seeing gains.
U.S. border officials on Monday suspended freight rail operations in El Paso and Eagle Pass, Texas, in response to a surge in migrants in the region.
The year’s five biggest U.S.-Canada cross-border supply chain-related stories are highlighted.
This week in Borderlands: Mexico averaged 57 thefts a day from cargo trucks in the third quarter; second rail bridge proposed for Texas port of entry; Arizona plans to expand truck parking along highways; and Holt Truck Centers opens facility in North Texas.
Logistics operators that add generative AI to their platforms can better compete in a fast-paced marketplace, according to Crowley Maritime’s Anoop Mohandas.
The year’s five biggest U.S.-Mexico cross-border business stories are highlighted.
This week in Borderlands: A Texas company aims to help keep holiday returns out of landfills; a U.S. logistics firm is building a border trade hub in South Texas; a logistics provider snaps up space in the Houston area; and DHL Supply Chain lays off workers in Texas.
General Motors and Autocar Industries are collaborating to create a range of hydrogen powered heavy-duty vehicles.
Cargo truck drivers at border crossings in South Texas again are seeing long delays as migrants and additional truck inspections have slowed traffic.
Synop sees commercial fleet electrification gaining traction across the supply chain through more EV drayage vehicles.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: The logistics boom drives an e-commerce firm’s relocation in Texas; MercuryGate […]
Canada Cartage, one of Canada’s largest transportation and logistics companies, has acquired Montreal-based GTI Group.
Swiss freight forwarder Kuehne+Nagel has acquired Farrow, a Canada-based customs broker, to expand its offerings across North America.
Federal officials have closed a border bridge in Eagle Pass, Texas, to handle a surge of migrants arriving in the area.
Toll payment platform Bestpass has acquired Fleetworthy Solutions with the aim of creating a one-stop shop for fleets for tolling, compliance and safety needs.
This week in Borderlands: Eternity Group Mexico unveils a tool for shippers to monitor their carbon footprints; Finkargo closes a $20 million Series A funding round; cargo-partner launches a cross-border shipping solution; and SKU Distribution receives foreign trade zone status for its Arizona warehouse.
Lineage is bolstering its Canadian cold chain logistics network with the expansion of a facility in Calgary.
Mexico orders private freight rail companies to prioritize passenger service over their normal freight operations.
Freight flows declined in Houston and Corpus Christi, Texas, in October, while container volumes rose at the Port of New Orleans.
This week in Borderlands: ITS Logistics is making big moves in the Lone Star State; Lineage Logistics opens a cold chain logistics center in Houston; a metal recycling firm acquires a 55-acre tract at a logistics park; and TQL opens a new brokerage office in Arizona.
Houston could enact a plan to restrict the movements of cargo trucks inside city limits starting in 2024.
Trucking company 10 Roads Express has laid off 66 workers at its facility in Fort Worth, Texas.
Project freight forwarder deugro has opened a container terminal in Baytown, Texas, along the Houston Ship Channel.
Mexico tops Canada and China as the No. 1 U.S. trade partner during September with $67 billion in trade.
Former FBI negotiator Chris Voss tells listeners at the F3: Future of Freight Festival about using hostage negotiation tactics in business deals.
A fireside chat with Emerge CEO Andrew Leto discussed leadership, planning and resilience at FreightWaves’ F3: Future of Freight Festival.
FreightWise has acquired Kuebix from Trimble with the aim of creating one of the top transportation management system platforms in the country.
XPO Executive Chairman Brad Jacobs participated in a town hall on Day 2 of the F3: Future of Freight Festival in Chattanooga, Tennessee.
A fireside chat about Convoy’s demise and impact helped kick off FreightWaves’ three-day F3: Future of Freight Festival in Chattanooga, Tennessee.
FreightWaves’ Innovation Alley at the Future of Freight Festival featured a demo by customer support automation platform Kodif.
This week in Borderlands: Three Texas seaports are awarded a combined $37 million in federal upgrade grants; Arcadia Cold Storage opens a Phoenix-area facility; an investment firm acquires California-based Source Logistics; and Fictiv opens a facility in Monterrey.
The Canadian Trucking Alliance has created a tip sheet and reporting guide to root out fraudulent carriers in the trucking industry.
Supply chain technology provider Trimble posted impressive Q3 results but said transportation revenue could slow down in the next quarter.
This week in Borderlands: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark Energy’s operations in Texas.
Universal Logistics Holdings released its third-quarter financial results on Friday, reporting year-over-year decreases in its trucking, intermodal and brokerage segments.
Hub Group reported $1 billion in revenue and earnings per share of 97 cents during the third quarter.
Truckload carrier Covenant Logistics Group said the freight market is bottoming out, and the company is eyeing only a “modest decline” in earnings next quarter.
Chattanooga, Tennessee-based Covenant Logistics Group’s third-quarter revenue declined 7% year over year to $288.7 million.
Truck leasing giant Ryder posted total revenue of $2.9 billion and earnings per share of $3.58 during the third quarter.
Cargo volumes showed mixed results for Gulf Coast ports in September, with Houston reporting container declines, New Orleans seeing gains and Corpus Christi getting a boost from crude oil shipments.
Experts say Mexico must take big steps to capitalize on nearshoring by improving road security and freight infrastructure, while stabilizing the peso.
This week in Borderlands: Cargo theft trends are changing as supply chains shift to border regions; a $65 million cold storage facility could be headed to Central Texas; Gebrüder Weiss opens a logistics operation in Laredo; and a truck driver is stopped at the border with $12 million in cocaine.
The cross-border trucking industry is recovering from a migrant surge and Texas inspections, trade officials said.
Transfix has closed a $40 million Series F funding round during “one of the most challenging markets in freight history,” company officials said.
Automaker Tesla’s plan to build a factory in Mexico could be delayed past 2025, CEO Elon Musk said Wednesday.
Lingong Machinery Group is investing $5 billion to build a plant and industrial park in northern Mexico
This week in Borderlands: Mexico remains top US trade partner in August, Laredo No. 1 gateway; Eden Green begins $40M vertical farming expansion near Dallas; Production, exports of Mexican-built trucks fall for second straight month; and Port of Brownsville receives $11.5M to overhaul cargo dock.
The state of Texas has resumed commercial truck safety inspections at a Laredo border crossing amid backlash from the Mexican president and trade operators.
Executives for shuttered logistics operator Tiger Cool Express have restarted an intermodal project in Washington state.
Blasting inspections, Mexico’s president says Texas’ governor has a “hostile attitude.”
Texas-based Arrive Logistics recently added an office in Toronto to service its growing Canadian customer base.
This week in Borderlands: Cargobot sees big opportunities with global cross-border trade; Lineage Logistics expands cold chain footprint in Texas; Stitch Fix closes Dallas logistics hub, lays off 558 workers; and Mexican seaport blocked as truckers protest wait times.
Trucks delivering products from Mexico continue to face hourslong waits at Texas ports of entry due to state-run inspections.
Trade officials in the U.S. and Mexico are urging Texas Gov. Greg Abbott to end state-run cargo truck inspections in El Paso and Eagle Pass.
This week in Borderlands: Arizona border officials want Mexico trade lanes reopened; Study finds ending US-Mexico tomato pact could raise prices by 50%; Texas port receives $20M to fund rail infrastructure project; and Accurate Transport opens logistics hub in Houston.
Seacor Holdings has sold its U.S. harbor towing operations to firms in Louisiana and Texas.
Cargo volumes were a mixed bag for Gulf Coast ports in August, with Corpus Christi and New Orleans reporting gains, while Houston saw a 20% decline in container shipments.
Seattle-based logistics provider Flexe has laid off a third of its workforce.
Online marketplace uShip has been investing in technology, sales and partnerships in anticipation of when the freight economy surges again.
A former Texas Border Patrol agent pleaded guilty to hiring undocumented immigrants as drivers for Gonmor Transportation.
California, Georgia, Texas and Florida were the most targeted states for cargo theft during the second quarter of 2023.
This week: A Michigan-based 3PL aims to capitalize on Mexico trade through an acquisition; San Antonio mulls banning overnight truck parking; a Texas-based electric mini-truck maker begins production; and $9.9 million worth of marijuana is seized at the World Trade Bridge.
The future of long-haul trucking could include more fuel cell and hydrogen-powered vehicles, experts said during FreightWaves’ Net-Zero Carbon Summit on Thursday.
Texas-run truck inspections at the Mexican border are causing hourslong waits for cargo truckers.
Sheer Logistics showed off the capabilities of its carbon emissions dashboards during FreightWaves’ Net-Zero Carbon Summit on Thursday.
Mexican railway operator Ferromex has halted key northbound freight trains due to migrants hopping aboard and being injured or killed.
Cargo operations at a Texas border port have been temporarily suspended due an influx of migrants from Mexico.
This week in Borderlands: Mexico remained the top U.S. trade partner in July and Laredo was the No. 1 gateway; production and exports of Mexican-built trucks slipped in August; Maersk has teamed up with Fabric to open a Dallas e-commerce center; and a cargo checkpoint opens at a Texas border port of entry.
TFI International has acquired food-grade tanker carrier Vedder Transportation Group.
GXO Logistics has ceased operations and laid off 378 workers at several locations across the country in recent months.
Brokerage giant C.H. Robinson has opened a 400,000-square-foot cross-dock distribution center in Laredo, Texas.
This week in Borderlands: Mexico averaged 58 cargo thefts a day in the second quarter; APM Terminals invests $140 million to expand a facility at a Mexico seaport; XPO adds capacity at a Texas facility; and Jaguar Transport Holdings will operate a Dallas transload facility.