The first, called Mexico Direct, will offer faster customs clearance for Mexico importers, and the second, a rail service, is designed to provide a complete door-to-door service in conjunction with intermodal partners. Investment in Mexico’s rail infrastructure has resulted in significant growth in intermodal volumes between Mexico and the US according to the company.
Ceva already provides airfreight and road based services, including both full truckload (FTL) and less-than-truckload (LTL).
“With these new offerings the company adds an even faster ground expedite solution through Mexico Direct, taking a day out of transit, and also provides a more economical and green offering by capitalising on continued infrastructure improvement with our valued rail partners,” said Sam Slater, executive vice president, Freight Management for Ceva in North America.
Trade in goods and services between the US and Mexico accounted for $500 billion in 2012 and more than 11,000 truck and 1,200 rail car border crossings are made every day through Laredo in Texas, a major transport gateway for US-Mexico traffic where a number of leading logistics providers, including Ceva, have facilities.
More specifically, the US has seen an increase in both imports and exports of automotive parts with Mexico. According to figures from the US Department of Commerce’s International Trade Administration, parts exports to Mexico were worth $24.5 billion in 2012, up 13.2% on the previous year ($21.6 billion). Imports of automotive parts from Mexico, meanwhile, were worth $38.9 billion, up 14.6% on 2011 figures ($33.9 billion). Mexico is the US’ top automotive parts importer accounting for than 30% of its global auto imports. It is also the US’s second biggest export market for car parts accounting for almost 33%, second only to Canada.
The trade balance in parts between the US and Mexico has seen an increase of 17.2% between 2011 and 2012 according the International Trade Administration, with the US importing $14.5 billion more from Mexico than it exports.