After a slight decline in June, cross-border truck freight saw an 8% increase in July, continuing the upward trend that began in late 2020, with a notable surge in computer-related freight from Mexico. The total value of cross-border freight reached over $134 billion, marking a year-to-year increase, despite a stagnant comparison to June. This resurgence in cross-border trade highlights the growing need for robust freight management solutions like those offered by PRIMO, ensuring efficient and effective logistics strategies amidst fluctuating market demands.

• Cross-border freight hauled by trucks reached nearly $87 billion in July 2024, an 8% increase compared to July 2023.
• The growth was driven by a 15% increase in Mexican imports, particularly in computer-related freight.
• Freight from Canada remained mostly unchanged due to a decline in vehicle cargo.
• Mexico has become the United States’ largest importer, bolstered by a 20% drop in Chinese imports.
• By weight, cross-border freight was up by 6% compared to the previous year.
• Top commodities from Mexico included computers/parts, electrical machinery, and vehicles.

Reference: Land Line Media