Trucking market in Mexico totaled US$ 60 billion in 2016
The trucking market in Mexico presents opportunities to third-party logistics providers and totaled US$60 billion in 2016, according to a new report released by Armstrong & Associates Inc.
The Mexican trucking market is divided into intra-Mexico and cross-border import/export trucking with the United States. Domestic trucking’s core is the Mexico City area, connecting to major cities like Monterrey and Guadalajara. Cross-border traffic is dominated by export/import activity involving the United States. The busiest cross-border port is Laredo, Texas.
Commenting on the report, Richard Armstrong, chairman of Armstrong & Associates said, “Trucking in Mexico remains complex and heavy with requirements, but there are many 3PL providers that have the process down to a science. This report summarizes the market opportunity and identifies the key players and the process by which to follow.”
Ryder and 12 additional U.S.-Mexico Truckload Carrier/3PL Providers are profiled in the report, which also includes the revenues for the top 45 Mexican Motor Carrier companies ranging from US$ 28.6 to US$ 217.0 million.
The report Trucking in Mexico: Navigating the Opportunity points out that major retailers, such as Walmart, are expanding into Mexico to gain for shorter lead times as “ocean transit cannot react as quickly to consumer demands as truckload transit,” and that “bodes well” for 3PLs operating in the country.