Mexico

Amazon.com, Inc (NASDAQ: AMZN) appears to be preparing to launch a “digital currency” project, beginning with Mexico, based on the company's job listings. What Happened: “We are building a tech team to build innovative payment products for customers in emerging markets...

The 2021 freight market could be one of the most important in years as the transportation and trade community attempt to recover from the impact of COVID-19. Cross-border shippers, carriers and third-party logistics providers also will have to navigate new trade policies after President-elect Joe...

In 2010, Carlos Slim became the first non-U.S. resident to top Forbes' list of the world's richest people in 16 years, knocking Bill Gates from the top of the list. About Carlos Slim: Forbes now ranks Slim as the 12th richest person in the world, with a net worth of $59.4 billion....

Best Buy Co. (NYSE: BBY) is exiting retail operations in Mexico, partly due to the effects of the COVID-19 pandemic on its business, company officials said. Best Buy did not make an official announcement about the closure but referenced its Mexico exit in a third-quarter earnings press release...

The COVID-19 pandemic, high number of railcars in storage and low rail volumes hastened FreightCar America (NASDAQ: RAIL) decision to move all of its railcar production to Mexico. In September, FreightCar America said it would close its Shoals facility in Alabama and move all of its railcar...

The Mexican government has agreed to strictly monitor exports of certain steel components to ensure they don't contain low-price steel from countries outside North America, according to the United States Trade Representative's (USTR) office. In exchange, Mexico will be protected from any future U....

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) recently announced it is opening a $12.3 million distribution center in León, a city in the central Mexican state of Guanajuato. The new 193,750-square-foot facility is aimed at strategically expanding FedEx Express' presence in the Bajío...

AstraZeneca plc’s (NYSE: AZN) COVID-19 vaccine will be produced by Mexico and Argentina for Latin American countries except for Brazil, according to government officials of the two countries, AlJazeera reported Wednesday. What Happened The countries will produce 150 million to 250 million...

COVID-19 has significantly altered consumer shopping patterns across Mexico, according to industry insiders. Mexico's largest e-commerce platforms — WalMart Inc (NYSE: WMT), Amazon.com, Inc. (NASDAQ: AMZN), and MercadoLibre — all reported gains in users and revenue during the second quarter of...

Lear Corporation (NYSE: LEA) faces an uphill battle to regain worker trust after the deadliest coronavirus outbreak at its factory in Mexico. What Happened The United States-based auto parts maker’s Rio Bravo, Mexico factory suffered 20 fatalities from COVID-19 that have left...

After a long-winded lockdown, U.S. auto-manufacturers are finally reopening.  The move to reopen comes with debate, however; for example, Tesla Inc (NASDAQ: TSLA) CEO, Elon Musk, sued Alameda County, California and threatened to move the company's headquarters to...

General Motors Co. (NYSE: GM) is reopening its Silao, Mexico plant on May 20.  What Happened Tentative plans are in the works to reopen the Silao GM plant on May 20, according to a message the automaker sent to its workers, as reported by Reuters. The Mexican government had previously...

Mexican President Andrés Manuel López Obrador announced on Wednesday morning a plan for the "gradual" resumption of economic activities. The plan includes restarting factories in the automotive, mining and construction industries by as early as Monday. Other parts of Mexico's economy and social...

Officials have confirmed that a rising number of coronavirus cases are tied to maquiladoras, foreign-owned factories in Mexico that build products made strictly for export.  Eleven workers who have died from the coronavirus have been linked to the Lear Corporation (NYSE: LEA) automotive factory in...

The World Trade and Colombia Solidarity bridges in Laredo, Texas, saw a slight decline in commercial truck crossings during March, despite a surge in volume due to the coronavirus pandemic. In March, 204,383 commercial vehicles crossed the World Trade and Colombia Solidarity commercial bridges in...