Skip to content
Search AI Powered

Latest Stories

Echo Global expands cross-border solutions in Mexico

Investment is response to growing trade as companies seek to shorten global supply chains and return to just-in-time inventory models

echo Screenshot 2024-03-21 at 4.15.51 PM.png

Transportation and supply chain management provider Echo Global Logistics today said it is expanding its cross-border solutions with local offices and personnel in Mexico, and has hired an industry veteran to run the effort.

Echo has already been managing shipping solutions along the southern border for some eight years, but it has been running that operation from its Chicago headquarters. The new approach establishes operations based in Mexico City, Monterrey, and Laredo, Texas, and it names logistics industry executive Troy Ryley as President, Echo Mexico.


With that existing infrastructure already in place, Echo says it has been able to make rapid advancements in the process of navigating border crossings, an often daunting and difficult task.

The new investment is primarily intended to serve Echo’s existing customers—such as the engine manufacturer Cummins—who collectively relied on the company to provide “well over” 100,000 truckload shipments crossing the border in 2023, counting both northbound and southbound traffic.

Echo’s expanded presence in Mexico will now add additional services such as customs brokerage and cross docking, in order to help its customers return to the just-in-time operations they had used before the pandemic, Ryley said in an interview.

“Companies in general are trying to reduce their risk,” Ryley said. “Covid taught us that extended, long supply chains can create problems for sourcing. So who better to work with than your own neighbor?”

Echo makes the investment at a time when many U.S. truckload carriers are tightening their belts to cope with an extended freight recession as the government uses elevated interest rates to cool off an overheated economy. Despite that tough climate, the cross-border sector of the industry has enjoyed good stability, since shippers moving goods between the U.S. and Mexico tend to rely more on contract than spot market rates, in pursuit of greater reliability, he said.

Echo’s strategy follows similar recent moves by other transportation providers and freight brokers, such as expansion of Mexico services by Ryder System Inc., Arrive Logistics, and BlueGrace Logistics.



 

 

The Latest

More Stories

autonomous tugger vehicle

Cyngn delivers autonomous tuggers to wheel maker COATS

Autonomous forklift maker Cyngn is deploying its DriveMod Tugger model at COATS Company, the largest full-line wheel service equipment manufacturer in North America, the companies said today.

The deal was announced the same week that California-based Cyngn said it had raised $33 million in funding through a stock sale.

Keep ReadingShow less

Featured

photo of self driving forklift
Lift Trucks, Personnel & Burden Carriers

Cyngn gains $33 million for its self-driving forklifts

Study: Industry workers bypass essential processes amid mounting stress

Study: Industry workers bypass essential processes amid mounting stress

Manufacturing and logistics workers are raising a red flag over workplace quality issues according to industry research released this week.

A comparative study of more than 4,000 workers from the United States, the United Kingdom, and Australia found that manufacturing and logistics workers say they have seen colleagues reduce the quality of their work and not follow processes in the workplace over the past year, with rates exceeding the overall average by 11% and 8%, respectively.

Keep ReadingShow less
photo of a cargo ship cruising

Project44 tallies supply chain impacts of a turbulent 2024

Following a year in which global logistics networks were buffeted by labor strikes, natural disasters, regional political violence, and economic turbulence, the supply chain visibility provider Project44 has compiled the impact of each of those events in a new study.

The “2024 Year in Review” report lists the various transportation delays, freight volume restrictions, and infrastructure repair costs of a long string of events. Those disruptions include labor strikes at Canadian ports and postal sites, the U.S. East and Gulf coast port strike; hurricanes Helene, Francine, and Milton; the Francis Scott key Bridge collapse in Baltimore Harbor; the CrowdStrike cyber attack; and Red Sea missile attacks on passing cargo ships.

Keep ReadingShow less
diagram of transportation modes

Shippeo gains $30 million backing for its transportation visibility platform

The French transportation visibility provider Shippeo today said it has raised $30 million in financial backing, saying the money will support its accelerated expansion across North America and APAC, while driving enhancements to its “Real-Time Transportation Visibility Platform” product.

The funding round was led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures. With this round, Shippeo’s total funding exceeds $140 million.

Keep ReadingShow less
Cover image for the white paper, "The threat of resiliency and sustainability in global supply chain management: expectations for 2025."

CSCMP releases new white paper looking at potential supply chain impact of incoming Trump administration

Donald Trump has been clear that he plans to hit the ground running after his inauguration on January 20, launching ambitious plans that could have significant repercussions for global supply chains.

With a new white paper—"The threat of resiliency and sustainability in global supply chain management: Expectations for 2025”—the Council of Supply Chain Management Professionals (CSCMP) seeks to provide some guidance on what companies can expect for the first year of the second Trump Administration.

Keep ReadingShow less