Boxes piling into Mexican ports – but then piling up
Mexico’s box ports continue to boost throughput, fuelled by nearshoring and roaring trade with the ...
Following on from yesterday’s analysis on burgeoning Mexican manufacturing, comes the “proof of the pudding”. Those in automotive logistics take note: Toyota, Ford and Hyundai have all announced investment in the Mexican market. Today, according to Bloomberg, Toyota announces plans to build its first factory there, at a cost of about $1bn, while Ford – reportedly dismayed by US union terms – has pledged a $2.5bn investment in two plants. Toyota’s plant is earmarked to assemble Corolla cars for the North American market.
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