Freight management software provider Cargobase is expanding into Mexico to tap into cross-border, near-shoring, and Latin American market opportunities for its procurement and execution tools.
If approved by regulators, the planned merger of Canadian Pacific and Kansas City Southern railways would offer cargo owners a single network straddling the largest global trade bloc.
With the signing of NAFTA and, more recently, the United States-Mexico-Canada Agreement (USMCA), the flow of goods across the US-Mexico border would appear ripe for intermodal participation, but data indicates the market remains in its infancy.
A trade finance startup this week got $7.8 million venture capital investment to arm exporters and logistics providers in Mexico with access to working capital.
Cross-border carriers lack a load board analogous to the widely-used tools available to drivers on US domestic moves, something the broker and technology provider Forager is attempting to address.
A new law that requires the US Department of Homeland Security (DHS) to develop a plan to use X-rays or similar technology to scan all cars, trucks, and freight trains entering the country could cause a flare up of chronic congestion issues at the southern border.
A weekly service will carry 53-foot domestic intermodal containers between Tampa and Brownsville, Texas, for cross-border shipments between the United States and Mexico.
Major and regional container carriers in recent years have added shuttle services on routes connecting ports in Mexico to the United States, particularly Tampa and Miami.
Margin transparency is taking root among early-stage freight brokers, with cross-border 3PL Forager saying Wednesday it will provide clear pricing and service fees on any quote provided on its platform.
As capacity tightens at the US-Mexico border, truckload carrier CFI is building a series of consolidation centers to expand its efforts to capture Mexico-bound less-than-truckload freight and provide shippers with more capacity.
The purchase of Value Logistics gives Forward a bigger intermodal presence in the South-Central distribution hub as freight volumes of all types rise, said CEO Tom Schmitt.