USAT Logistics selects Guanajuato to establish Mexican subsidiary
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Arkansas-based USAT Logistics, a division of USA Truck Inc., has expanded its portfolio of logistics solutions with the establishment of USAT Logistics de Mexico, located in Celaya, Guanajuato.
“This expansion is in line with our strategy to grow in new markets and provide our customers with an expanding portfolio of services. It’s an investment on behalf of our customers,” said Jim Craig, USAT Logistics president and USA Truck EVP and chief commercial officer.
“USAT Logistics de Mexico is led by an experienced team in Central Mexico —one that brings in-depth market knowledge and customer and carrier relationships.”
Leading the team in Mexico is Hugo Jimenez, USAT Logistics de Mexico manager. Jimenez and his team have 15 years of experience in the Mexican third-party logistics (3PL) market.
“Mexico is the USA’s third largest trading partner, representing more than US$ 500 billion in annual trade,” says Jimenez. “The deep relationships, insights and credibility our team brings to this market means we expect to quickly make a significant impact.”
Growth in trade with Mexico has been driven largely by the North American Free Trade Agreement.
The Council on Foreign Relations reports trade between the two countries grew from US$ 290 billion in 1993 to more than US$ 1.1 trillion in 2016. Cross-border investment has also surged, with U.S. foreign direct investment stock in Mexico increasing from US$ 15 billion to more than US$ 100 billion. However, citing the USA’s nearly US$ 60 billion trade deficit with Mexico, President Trump has pledged to renegotiate NAFTA.
“We don’t expect any significant changes to NAFTA,” said Craig. “In any event, the size of the Mexico market is huge, and we have a very small portion. For us, there is huge growth potential with or without any changes to NAFTA.”