As we move into Q2 of 2023, the market is still experiencing an excess in demand. Signs of shifting capacity in the truckload market have been evident for about a year. Nearshoring continues to be the headline in Mexico. Industrial parks are being utilized at maximum capacity and more construction projects are on the horizon. This is a direct result of companies looking for a more diversified and resilient global supply chain. The growth in manufacturing impacts cross-border trucking in Mexico. Both transload and direct trailers volumes are increasing.
Attention shippers and carriers: fraud is at an all-time high. Transportation industry insiders have seen historic levels of fraud beginning in Q4 2022 and continued into the new year. According to RMIS and other industry sources, most of it is caused by carrier contact impersonation. Sunset employees have been trained to mitigate this issue, and…
We continue to see more companies moving production from China to Mexico. This increase in demand is reflected in the DAT load-to-truck ratio for Laredo Northbound which currently sits at 3:1. Many carriers in Mexico are allocating capacity to shippers with the best driver experience to retain drivers and get the highest yield possible at the current market pricing. Central and southern Mexico, namely the Zacatecas state and the states on the Pacific coast, continue to be areas with low availability of capacity.
As we begin the new year, many in the industry are asking the same question: Can we expect any surprises in 2023? Many experts are optimistic that this year will bring less volatility and more predictability to the market in general. In the following report, we will evaluate the economic factors that affected supply and demand for 2022 and how they have changed for 2023.
The following report was written by the Sunset Transportation cross-border team, stationed at the World Trade border in Laredo / Nuevo Laredo and Querétaro, MX. Insights are drawn from multiple sources, including our in-house transportation experts and industry data.
UPDATE: Mexico approves ending daylight savings time in most parts of the country On October 26, Mexico’s Senate ratified a bill to permanently end daylight savings time (DST) across the majority of the country by a 56-29 vote. Majority of states across Mexico will move back their clocks an hour for the last time Sunday….
The following report was written by the Sunset Transportation cross-border team, stationed at the World Trade border in Laredo / Nuevo Laredo and Querétaro, MX. Insights are drawn from multiple sources, including our in-house transportation experts and industry data. https://www.dat.com/https://www.freightwaves.com/ Transactional and Committed Markets As we continue to move into the fall of 2022, it…
Sunset Transportation joins an exclusive group of less than 1% of all U.S. logistics companies who hold Customs Trade Partnership Against Terrorism (C-TPAT) certification. By working with a C-TPAT-certified 3PL, shippers are ensured their northbound cross-border freight adheres and is subject to U.S. Customs & Border Protection (CBP) policies and procedures in over ten (10)…
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