Mexico

Walmart Inc.'s (NYSE: WMT) unit in Mexico reported the company opened 134 new stores in that country in 2019, its largest expansion in Mexico in six years. Walmart de Mexico y Centroamerica, or Walmex (MX:WALMEX), now runs 2,571 stores in Mexico, the largest number of stores outside the United...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Cross-border trucking remains strong despite ongoing violence in Mexico; Freight tech firm GuruCargo is acquired by regional company; FIBRA Prologis expands in Mexico;...

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...

During the third quarter of 2019, the number of train robberies in Mexico rose 13% compared with the previous quarter, according to data compiled by Mexico's Railway Transport Regulatory Agency (ARTF). Agricultural grains, auto parts and consumer goods, such as beverages and toys, were the most...

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...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Laredo road ranked No. 3 for truck congestion in Texas; U.S.-Mexico border to get more X-ray scanners; truck production in Mexico rises 19.8%; and Nuevo Laredo is the top...

Mexican tomatoes being detained at the border for longer inspections is "unjustified," according to agricultural officials in Mexico. Víctor Villalobos Arámbula, Mexico's secretary of Agriculture and Rural Development (SADER), said 43 truckloads of Mexican tomatoes have been detained at the U.S.-...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: California leads the U.S. in meth border seizures by CBP; Albuquerque trucking company acquired by Texas transport firm; Kenworth announces organizational changes at its...

In Mexico, the number of cargo thefts decreased 10.3% in November 2019, compared to the same month last year, according to recent data. There were 923 robberies of tractor-trailers reported in Mexico in November, compared to 1,029 during the same period last year, according to a report from...

The partnership of government policy and ideology has a long history in Mexico, and with the election in 2018 of socialist President Andrés Manuel López Obrador, commonly known as AMLO, the country is now rethinking its lauded energy reforms. Before the reforms, annual crude output at the state-...

The Christmas trade is big business in Mexico, which exports everything from ornaments to holiday candy to the United States and other parts of the world. While Christmas-related goods represent only a fraction of Mexico's $346.5 billion in total exports to the U.S., the nation's poinsettia...

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truckers hail House passage of USMCA trade pact; officials discover never-before-seen bug in Mexico shipment; Grammer Logistics acquires Houston-based hazardous materials...

The Mexican city of Guadalajara was the first to pass a measure in November prohibiting cargo transportation from entering the metropolitan area from Monday through Sunday, between 6 a.m.-9 a.m., starting Jan. 1. The new regulation is aimed at improving traffic, reducing air pollution and...

Carnival Corp (NYSE: CCL) shares are significantly higher on Friday after a strong fourth-quarter earnings beat and first-quarter earnings guidance. Carnival reported quarterly earnings of 62 cents per share, which beat the analyst consensus estimate of 51 cents. The company reported quarterly...

The United States and China have been imposing import tariffs on each other systematically since the first set was announced by the U.S. in March 2018. During subsequent months both countries have also been searching for a trade deal to relieve the pressure. Relief may be in sight now that both...