Goodbye NAFTA: replacement trade deal lowers e-commerce threshold
After 14 months of terse wrangling, the brinkmanship over NAFTA has finally reached a resolution, ...
© Mikeaubry
Logistics Trends and Insights is reporting that, in the face of NAFTA uncertainty, the market is continuing to meet increasing demand for cross-border services. Citing the UK Financial Times, the report claims that trade between the US and Mexico – which has borne the brunt of much White House ire – in fact shot up by 10% in the five months to May, hitting $249bn in value. While trucking accounts for 60% of freight moved south of the US border, rail plays its fair share and the two main operators in this sphere – Kansas City Southern and Union Pacific – both seemed pleased with their second-quarter earnings.
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