U.S.-Mexico cross-border freight volume hits record high
Cross-border trucking volume between the United States and Mexico hit a new high in September. Ahead of the November presidential election, trade between the two North American powerhouses increased by 52% and 30% year-on-year in September alone. Also read: Trucking industry makes slight progress, but full recovery still elusive The first seasonal restocking rush is in preparation for Halloween. With major chains like Lowe's and Home Depot preparing holiday decorations for Thanksgiving and Christmas soon, supply chain stability is now more important than cost savings. This has led retailers to abandon timely, low-inventory replenishment in order to increase stability and reduce volatility. Chinese companies with manufacturing centers in Mexico have contributed to the trucking boom. The tariffs imposed by former President Donald Trump in 2018 led to many Chinese companies locating in Mexico to avoid costly import duties. While technically legal, Biden and the former Trump administration expressed frustration with this "back door" into the United States. For retailers, however,…
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