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Dive Brief:
- Ryder System opened a new warehouse in Laredo, Texas and expanded its yard to Nuevo LaredoMexico, with the aim of securing more cross-border freight transport, the the company announced Wednesday.
- The logistics and transportation services company estimates it handles 250,000 freight movements annually at the Mexico border, with about 85% of that volume coming from Laredo, Ryder Mexico Vice President of Supply Chain Ricardo Alvarez told Trucking Dive. However, there is more business to be won amid potential growth in nearshoring.
- Ryder is monitoring approach activity at the El Paso-Ciudad Juárez border as well as the Tijuana-San Diego border for future opportunities. “We will continue to explore investments in other US-Mexico trade ports where we see similar needs and opportunities and where our customers need support,” Alvarez said.
Dive Insight:
Ryder has been providing cross-border shipping services for nearly three decades, but its growing trend close to production in Mexico has sparked a frenzy among carriers seeking to capture market share of the booming cross-border shipping business.
“If you look at the market, U.S.-Mexico truck border crossing activity is up more than 20% annually since the pandemic as more businesses try to diversify their supply chains and shorten delivery times,” said Alvarez. announcing the expanded activities.
Ryder’s target markets include automotive, manufacturing, high-tech and consumer packaged goods, “which have significant manufacturing facilities in Mexico and where Ryder is very strong,” he said.
The transportation services company’s new 228,000-square-foot Laredo warehouse, about 3 miles from the World Trade Bridge on the US-Mexico border, has 102 doors, can accommodate 143 trailers and operates as part of Ryder System’s Supply Chain Solutions business unit . The enlarged courtyard inside Nuevo Laredo, which is part of Ryder Mexico, a subsidiary of Ryder System, increased tractor parking by 42 percent and trailer parking by 39 percent, Alvarez said.
The Nuevo Laredo The expansion increases capacity, which will improve efficiency and customs clearance as well as provide better facilities for drivers and administrative officials, Alvarez said.
The goal is to improve door-to-door supply chain solutions for shippers who choose Ryder.
“We have the new capacity in the Mexico shipyard, we have dedicated power units to perform dredging and we have our 24/7 border control tower with all the expertise and IT capabilities to provide visibility, as well as the expanded facilities from the of the U.S.,” Alvarez said.