nearshoring Archives - The Loadstar

DFDS pulls out of €500m Ekol takeover bid

Gavin van Marle — Fri, 01 Nov 2024 16:07:56 +0000

Danish ferry and haulage operator DFDS has abandoned its bid to acquire the international transport assets of Turkish firm Ekol Logistics.
In April, DFDS announced it had agreed a €500m ($545m) deal to acquire Ekol’s “overland transport network between Europe and Turkey”, as it sought to take advantage of the growth of nearshoring manufacturing in Turkey and reduce its corporate reliance on ferry revenue by growing its logistics division.
However, in a ...

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Trump or Harris: who will be better for revision of US trade deal with Mexico?

Charlotte Goldstone — Mon, 14 Oct 2024 12:41:26 +0000

North American supply chain stakeholders near-shoring to Mexico have increased opportunities for the region’s trucking sector, but the upcoming change of US president could jeopardise – or encourage – trade relations.
Since former president Donald Trump replaced the North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA) in July 2020, Mexico has become the US’s number-one trading partner.
Kenneth Smith Ramos, Mexico’s former lead negotiator for the USMCA and ...

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Carriers look to incoming government to act on Mexican port challenges

Ian Putzger Americas correspondent — Mon, 14 Oct 2024 11:29:57 +0000

Frustrated with infrastructure limitations that hamper the ability of Mexican ports to absorb the rise in traffic, ocean carriers are looking to the new government for fresh impetus, particularly at the nation’s premier Pacific gateway.
Frustration has been building among the carriers over problems at Mexican ports, claiming they undermine the nation’s ability to absorb the influx of new business from the near-shoring trend, of which Mexico is one of the ...

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UPS Mexico takeover overshadowed by poor Q2 results

Alex Lennane — Wed, 24 Jul 2024 10:26:19 +0000

UPS is taking over its partner in Mexico, pointing to strong potential in nearshoring and cross-border flows. However, the news could not compensate for disappointing Q2 results, which sent UPS stock down sharply.
Estafeta, a privately owned logistics integrator offering parcel, logistics and supply chain solutions on a domestic network of 145 facilities and over 750,000 sq metres of infrastructure serving 95% of the nation’s population, also runs an air network ...

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Asia-Mexico box services up, while rail plans focus on different border points

Alex Lennane — Fri, 07 Jun 2024 11:18:46 +0000

Mexico’s logistics links are ramping up: box lines have launched direct transpacific services from Asia and a significant expansion of rail infrastructure has been sanctioned by the US administration.
Cosco has started a weekly service to Mexico that aims to “improve transit time for the wave of merchandise imports from the far east”. The WSA5 links Busan, Dalian, Qingdao, Shanghai, Ningbo and Yokohama with three Mexican Pacific gateways, Ensenada, Manzanillo and ...

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Mexico needs investment to cope with nearshoring boom

Alex Lennane — Thu, 23 May 2024 11:41:46 +0000

Nearshoring has catapulted business for logistics providers in Mexico to new heights, but the country needs investment – both from the public and the private sector – to cope with the opportunities and challenges associated with this trend.
This has kicked off a debate that highlights constraints in the existing infrastructure and framework, and the need for investment and alignment with the nation’s northern neighbour.
Logistics consultants and providers have been vocal ...

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‘Battery race’ heats up as US quadruples tariffs on Chinese EV imports

Charlotte Goldstone — Tue, 14 May 2024 12:14:17 +0000

The Biden administration is set to quadruple tariffs on Chinese electric vehicle (EV) imports into the US, and Transport & Environment (T&E) has urged European governments to introduce similar incentives for near-shoring as “the battery race” intensifies.
According to The Wall Street Journal, the price of clean-energy goods exported from China into the US will double as tariffs quadruple, from 25% to 100%, under the new rule, set to be ...

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US plans new import tax thresholds ‘to close loopholes exploited by China’

Charlotte Goldstone — Thu, 28 Mar 2024 12:46:34 +0000

Proposed new de minimis rules could see countries paying different tariffs for their imports into the US – with some denied the privilege altogether.
The current de minimis threshold for imports into the US is $800, increased from $200 in 2016 with the Trade Facilitation and Trade Enforcement Act. This is the world’s largest threshold –π for example, across European Union member states it is €150 ($160.83).
US lawmakers have been ...

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