Shipper — Presentation
Schneider publishes this regular transportation market update to keep you informed of freight market conditions, supply and demand influencers, and disruptions that may impact your supply chain.
This report is developed by leveraging data and analytics from multiple transportation industry resources.
This report focuses on the Mexico Transportation Market. View the full Transportation Market Update here.
Weather advisory page -- For the latest information on hurricane season and the impacts on supply chains, please see our weather-advisory page.
This chart combines the current year-to-date trend with full year trends from 2018-2021. You will see consistent trends in reduced outbound tender volumes during holidays. More importantly, it shows the sustained length of time that record-level outbound tender volumes have remained.
Compared to the Outbound Tender Volume Index levels during this time in the previous two years, current OTVI is nearly equal with the same time in 2021, 122% higher than 2020 and 176% higher than 2019.
As the market continues to evolve, we are here to help. Contact a logistics expert today and read the full transportation market update report here:
The Mexican Tax Authority (SAT) has recently extended the grace period to meet the Carta Porte requirements from March 31, 2022 to September 30, 2022.
The Carta Porte requirements will apply to all cross-border freight.
The Carta Porte requirements require preparation and testing. We have been working with our shippers to proactively determine any additional data needs prior to implementation and are testing the new process. We have seen varying degrees of preparedness from our customers and if you have not started working on meeting these requirements with your Schneider representative, please reach out to them as soon as possible.
Schneider’s supply chain experts are here to help you solve your supply chain challenges beyond U.S. borders.
Let these experts work for you and find opportunities in your supply chain. Complete this brief questionnaire to begin your free consultation.
Mexico was the United States’ No. 1 trading partner in February, knocking China off the top spot and into third place. The last time Mexico ranked No. 1 was April 2021.
Mexico’s trade with the U.S. increased 16% year-over-year in February to $56.25 billion:
Port Laredo was the top-ranked U.S. port of entry for trade with Mexico in February, totaling 211,347 commercial truck crossings, a 27.5% increase from the same month in 2021.
Recent data from National Institute of Statistics and Geography, INEGI, shows that the export gap between Mexico and the U.S. has continued to widen, with two northbound shipments for every southbound shipment.
The gap in southbound freight means there is a lack of available capacity for northbound freight. To meet demand, often empty containers need to be sent to Mexico to cover that freight at a higher cost.
If you have freight going southbound, let’s work together to meet the needs of northbound capacity!
A recent Wall Street Journal article highlights the increase of nearshoring as a result of the pandemic.
According to procurement software firm, Jaggaer, the company from 2020 to 2021 tracked:
They have also seen manufacturers adding suppliers to their supply chain.
The combination of expanding supplier relationships and bringing production closer to end users, is a growing effort to keep product on shelves.
All 32 states in Mexico have lifted restrictions due to the dramatic decrease in cases over the past month.
Mexico was the fourth-largest auto parts manufacturer in the world during 2021, according to the Mexican National Auto Parts Industry Association (INA), producing $94.78 billion worth of auto parts, a 21% increase from $78 billion in 2020.
INA said the increase was due to greater demand for regional value content for passenger vehicles in the manufacture of auto parts to comply with provisions in the United States-Mexico-Canada Agreement (USMCA).
To remain duty free, vehicles assembled in North America must have 75% of their components made in the North American region, according to USMCA.
Schneider offers Mexico cross-border shippers expertise in a difficult market.
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