Shipments by truck up in volume and value

The volume of cargo moved by truck across the Mexico-United States border continues to rise, and its value is rising even faster.

The number of trucks that crossed the border in the first quarter of the year was up 2.9%, to a total of 1.37 million vehicles, according to the U.S. Bureau of Transportation Statistics.

But the value of the goods they carried between the two countries was up 9%, reaching US $68 billion.

The figures reflect a large increase in value from those of all of last year, when the number of trucks — 5.4 million — was up 4.2% and the value of the freight was up 9.1% to $266.8 billion.

“There is more complex manufacturing taking place and more goods coming from Mexico than what we’ve seen in previous years,” said Troy Ryley, managing director of logistics company Transplace de Mexico.

U.S. manufacturers are relying more and more on parts and components produced in or sourced through Mexico, and more of the cargo is higher-end, higher-cost merchandise in the automotive, electronics and aerospace sectors, Ryley said.

Source: joc.com (en)