
FreightWaves NOW Top Story - Mexican-US trade still resilient despite economic downturn
Noi Mahoney - Borderlands Writer - FreightWaves - San Antonio, TX
Topic: Mexican-US trade still resilient despite economic downturn.
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Uber Freight says that things are doing well at the border - what have they said about prospects in cross border trade?
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Have they seen a downturn because of the economic climate or even an upturn with the nearshoring activity that has been going on recently?
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What are some of the other factors that are going to affect US-Mexico trade this year?
OTHER BORDERLANDS QUESTIONS
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San Diego-based XB Fulfillment recently received $100 million in private equity funding, which it will use to accelerate expansion of its logistics warehousing, according to a news release.
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New Orleans-based Louisiana Pepper Exchange, a global chile pepper company, recently announced plans for a processing and distribution facility in Santa Teresa, New Mexico.
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A collision between a freight truck and passenger van in northern Mexico left 26 people dead, according to Reuters. The accident occurred May 14 on a highway near Ciudad Victoria, which is located in the Mexican state of Tamaulipas along the U.S.-Mexico border.
Topic: Layoffs at DHL and GXO
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DHL Supply Chain and GXO Logistics are laying off workers in Texas as a result of both companies losing customers. DHL is laying off 80 Houston-area employees after a customer ended its contract.
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Also announcing layoffs is GXO Logistics, which will let go of 105 workers at a logistics operation in Fort Worth by the end of June, according to state filings.
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