Mexican Exports Jump 34.4% in June as Driver Shortages Squeeze Cross-Border Freight
Updated
Updated · Yahoo Finance · Aug 20
Mexican Exports Jump 34.4% in June as Driver Shortages Squeeze Cross-Border Freight
2 articles · Updated · Yahoo Finance · Aug 20
Summary
June exports from Mexico rose 34.4% from a year earlier, extending double-digit growth to a fifth straight month and lifting first-half export growth to 24.6%.
Manufacturing exports climbed 35.3%, led by electrical and electronic equipment plus food and beverage shipments, while the U.S. took about 84% of Mexico's non-oil exports and June shipments there rose 35.8%.
Cross-border trucking demand has stayed firm on northbound lanes from Coahuila and Nuevo León, but a shrinking pool of qualified drivers is tightening capacity.
B-1 visa enforcement, English-language requirements and heavier scrutiny of shipping documents, cargo values, weights and securement are slowing operations in a market where trucks move roughly 81% of Mexico's land freight.
Laredo, the top U.S.-Mexico truck gateway, has shown some August easing instead: volumes fell 6.7% week over week and its truckload rejection index slipped to 6.69%.