financetom
Business
financetom
/
Business
/
Freight forwarder Kuehne+Nagel to open new site at Texas-Mexico border
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Freight forwarder Kuehne+Nagel to open new site at Texas-Mexico border
Mar 18, 2025 4:59 AM

By Anastasiia Kozlova

(Reuters) - Swiss logistics group Kuehne und Nagel said on Tuesday it would open a new road logistics facility in Texas, close to the Mexican border, to meet growing demand for customs support between the United States and Mexico.

Earlier in March, U.S. President Trump imposed 25% tariffs on all imports from Mexico and Canada, then offered a month-long reprieve on goods that comply with the USMCA, a regional trade agreement.

When asked by Reuters if the move to open the site was linked to Trump's increasingly protectionist trade policies, Kuehne und Nagel said it was not directly related.

It added, however, that the new site in Laredo, Texas, would help address the increased need for cross-docking and customs brokerage at the U.S.-Mexican border. Cross-docking is the practice of delivering goods directly to a customer without storage.

Kuehne und Nagel said the site would help customers navigate the complexities of "near-shoring", which is when companies manufacture or source products sold in the U.S. closer to home to speed up deliveries, cut costs and avoid trade issues that have plagued global supply chains in recent years.

Retailers and consumer goods companies such as Walmart ( WMT ) and Nestle, for instance, have shifted to more near-shoring.

The new site will be fully operational from mid-April.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
QUOTES-Market analysts reaction to Takaichi becoming next Japan PM
QUOTES-Market analysts reaction to Takaichi becoming next Japan PM
Oct 5, 2025
SINGAPORE, Oct 6 (Reuters) - Japanese shares surged to record highs on Monday, while the yen sank after fiscal dove Sanae Takaichi was elected to lead the ruling party and become the next prime minister. Takaichi's victory has raised chances that the Bank of Japan will avoid lifting interest rates this month, though the pause may not last if it...
Australia's VHM gets US interest of up to $200 million for rare earths project
Australia's VHM gets US interest of up to $200 million for rare earths project
Oct 5, 2025
Oct 6 (Reuters) - Australia's VHM Ltd ( VHMLF ) said on Monday that it had received a letter of interest from the Export-Import Bank (EXIM) of the United States for up to $200 million funding to develop its Goschen rare earths and mineral sands project. ...
Freeport confirms all seven missing workers dead after Indonesia mine disaster
Freeport confirms all seven missing workers dead after Indonesia mine disaster
Oct 5, 2025
Oct 5 (Reuters) - Miner Freeport said on Sunday that all seven workers who went missing after a mud-flow disaster at Indonesia's Grasberg copper and gold mine have been confirmed dead, following the discovery of five more bodies. Around 800,000 metric tons of wet material flooded the mine on September 8, trapping seven workers. Operations at the Grasberg mine have...
Freeport says five workers found dead after Indonesian mine mud flow disaster
Freeport says five workers found dead after Indonesian mine mud flow disaster
Oct 5, 2025
Oct 5 (Reuters) - Miner Freeport said on Sunday that five workers who had been missing following a mud flow disaster at the Grasberg copper and gold mine in Indonesia were found dead. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved