For businesses and logistics leaders, Mexico’s nearshoring trend continues to be a driving force behind international investment, despite recent political headlines. At Borderless Coverage, we closely monitor the evolving dynamics of cross-border trade, and it’s clear that Mexico’s role as a key nearshoring hub remains secure. Nearshoring: A Resilient Trend Despite concerns surrounding political tensions, …
As Claudia Sheinbaum begins her presidency, Mexico stands at a crossroads in securing its place as a reliable nearshoring destination. The recent shift of global supply chains, spurred by companies diversifying away from China, offers Mexico a unique opportunity. However, persistent security concerns, particularly regarding cargo truck hijackings, must be addressed to make Mexico an …
In 2024, the trend of cargo truck hijacking has continued in Mexico. Executives at foreign companies who are investing in nearshoring need to understand the risk and take steps to protect their cargo and operations in Mexico. In February, 2024 Mexican truckers blockaded the highway leading into Ciudad Juarez in the state of Chihuahua in …
As cross-border freight movements between the U.S. and Mexico continue to surge, discussions surrounding the utilization of B-1 truck drivers from Mexico are becoming increasingly prevalent. At Borderless Coverage, we recognize the pivotal role that B-1 drivers play in facilitating seamless cross-border transportation. While there has been hesitancy in the past regarding insuring fleets with …
This issue of cargo truck hijacking has become a major news story in Mexico after several local trucking chambers organized protests, blockading multiple highways in different parts of the country on February 15, 2024. Ernesto Flores, the Vice Chairman of the AMOTAC chamber explained, “The authorities [in Mexico] haven’t not done enough to stop highway …
Check out our updated Mexico Cargo Hijacking Portal with numbers for 2023. In 2023, Mexico recorded 7,862 violent cargo truck hijackings, up 3% from 2022. The most problematic states in Mexico are Estado de Mexico and Puebla. One other hotspot to watch is Veracruz where hijackings increased by 58% in 2023. Companies engaging in nearshoring …
At Borderless Coverage, when it comes to cargo safety it’s important we understand the complexities and risks involved in the US-MX trade lane. Recently, Nuvocargo published an insightful article titled “Enhancing Cargo Safety in the US-MX Trade Lane: Navigating Risks and Leveraging Nearshoring,” where they delved into these issues in detail with Mark Vickers, Reliance …
In an insightful FreightWaves article, “Borderlands: Cargo insurance can boost cross-border operators’ business,” Mark Vickers, executive vice president and head of international logistics at Reliance Partners, sheds light on the complexities and benefits of cargo insurance in the Mexico-U.S. trade corridor. The article emphasizes the crucial role of cargo insurance in safeguarding cross-border operations, especially …
In a recent article for Global Americans, Mark Vickers explains: “According to data published by Mexico’s federal government that was compiled and analyzed by Reliance Partners, during the first nine months of 2023, Mexico reported 6,030 hijackings, up over 8 percent from 5,578 during the same period of 2022. Mexico’s largest industrial business chamber, CONCAMIN, calculates that cargo …
Borderless Coverage is excited to bring you a summary of our recent podcast appearance on the “Logistics of Logistics” podcast, where our very own Mark Vickers, Executive Vice President and Head of International Logistics, discussed Mexico transportation risk with host Joe Lynch. Key Takeaways from the Podcast In the “Logistics of Logistics” podcast episode, Mark …