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Borderlands: Port Laredo No. 2 gateway for worldwide commerce in November

Borderlands is a weekly rundown of developments on the planet of US-Mexico cross-border trucking and commerce. This week: Port Laredo was the No. 2 gateway for worldwide commerce in November; Tesla acquired a large logistics middle close to Houston; the Port of Brownsville set a document for metal cargo tonnage; and First Name Logistics launched a Texas logistics hub.

Port Laredo No. 2 gateway for worldwide commerce in November

Port Laredo was the No. 2 port of entry among the many nation’s 450 worldwide gateways for commerce in November, behind Chicago O’Hare Worldwide Airport.

Commerce at Port Laredo for November elevated virtually 14% 12 months over 12 months (y/y) to $24.6 billion from the identical month a 12 months in the past and was down 8% y/y in comparison with October, in accordance with the most recent US Census Bureau information analyzed by WorldCity.

Imports from Mexico to the US accounted for $15 billion in commerce by Port Laredo, whereas exports accounted for $9.6 billion.

Auto elements ($1.87 billion), passenger automobiles ($1.1 billion) and heavy-duty vans ($897 million) had been the highest three imports from Mexico to the US

The highest exports from the US to Mexico had been auto elements ($1.03 billion), gasoline ($351 million) and diesel engines ($340 million).

Industrial truck crossings in Laredo elevated 5% y/y to 232,423 automobiles in November. For the primary 11 months of 2022, Laredo processed 2.15 million truck crossings, a 2% y/y improve in comparison with the identical year-ago interval.

O’Hare’s complete commerce for November was $26.4 billion. The Port of Los Angeles ranked No. 3 at $21.4 billion.

As of Friday, the freight market in Laredo was up about 8% in outbound load quantity (OTVI.LRD) week over week after an enormous spike in commerce in December, in accordance with FreightWaves SONAR. On a y/y foundation, Laredo’s outbound load quantity is down 2%.

Outbound tender volumes in Laredo (OTVI.LRD) are simply starting to rebound after falling after the vacations. SONAR: To study extra about FreightWaves SONAR, click on right here.

Tesla acquires huge logistics facility close to Houston

Automaker Tesla has leased a 1.03 million-square-foot logistics facility in Brookshire, Texas, about 38 miles west of Houston, in accordance with the Houston Chronicle.

The cross-dock facility is situated on the 300-acre Empire West Enterprise Park simply off Interstate 10 and contains 196 dock bays for vans, 4 ramps and 326 trailer parking areas, in accordance with a brochure.

The Empire West Enterprise Park is situated about 50 miles from Port Houston and 340 miles from the US-Mexico border.

Tesla (NASDAQ: TSLA) can also be within the technique of a $775 million growth of its gigafactory in Austin, Texas, the place the corporate has its headquarters. The growth contains elevated manufacturing capability for the corporate’s electrical automobiles, in addition to new battery and cathode manufacturing capabilities.

The corporate has additionally reported plans to open a manufacturing facility in Mexico.

Port of Brownsville units document for metal tonnage cargo

When bulk service MV Extremely Ocelot just lately arrived on the Port of Brownsville in South Texas with a load of metal slab, the cargo set a port document for metal cargo tonnage.

The cargo of 74,000 metric tons of metal slab arrived Dec. 27. It originated from Sepetiba, Brazil, and was destined for Pesqueria, Mexico.

“The Port of Brownsville’s logistical benefit maintains its standing as the principle gateway for metal into Mexico,” the January Port Issues publication mentioned.

The Port of Brownsville is situated 277 miles south of San Antonio on the southernmost tip of Texas alongside the Gulf of Mexico. It’s the solely deepwater seaport situated alongside the border, making it a serious commerce channel between the US and Mexico.

The port’s earlier document for metal tonnage was set in October, when greater than 67,000 metric tons of metal slab was delivered to the port additionally on its method to Pesqueria.

First Name Logistics launches Texas logistics hub

First Name Logistics introduced the opening of a logistics and chilly storage facility in Irving, Texas.

The ability, constructed to deal with 35,000 sq. toes of dry storage and a further 13,000 sq. toes of temperature-controlled house, supplies an growth of the corporate’s warehousing and distribution networks.

First Name Logistics is a third-party logistics supplier based mostly in Indianapolis. The 3PL is the logistics arm of the Horton Fruit Co. First Name Logistics has an asset-based division known as FC Trans, a service with 32 vans and drivers.

With the brand new location, First Name Logistics mentioned it’ll present providers to Horton Fruit’s packing and distribution middle in Louisville, Kentucky, in addition to acquire a considerable community of operators in Mexico, represented by Develop Farms, supplying the whole lot from mangos to avocados, peppers , cucumbers, squash and beans.

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Click on for extra Freight Waves articles by Noi Mahoney.

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