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 >
US SEC tells unionized employees to return to office in mid-April, memo shows
US SEC tells unionized employees to return to office in mid-April, memo shows
Feb 26, 2025
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has told employees who are union members they will have to return to the office in mid-April, unless they have certain exemptions, according to a memo seen by Reuters. The move follows similar efforts at the agency with its non-union staff as well as across the federal workforce in response...
Renovaro Agrees to Merge With BioSymetrics
Renovaro Agrees to Merge With BioSymetrics
Feb 26, 2025
01:46 PM EST, 02/26/2025 (MT Newswires) -- Renovaro ( RENB ) said Wednesday it agreed to a merger with artificial intelligence-driven drug discovery company BioSymetrics. Financial terms of the transaction were not disclosed. The company said it expects to close the transaction in March, with the combined company integrating BioSymetrics' Elion platform into Renovaro's ( RENB ) workflow. Shares of...
BRIEF-Sencorpwhite Inc Secures Stalking Horse Bidder Msi Automate In Chapter 11 Sale Process
BRIEF-Sencorpwhite Inc Secures Stalking Horse Bidder Msi Automate In Chapter 11 Sale Process
Feb 26, 2025
Feb 26 (Reuters) - Sencorpwhite Inc: * SENCORPWHITE INC: SECURES STALKING HORSE BIDDER MSI AUTOMATE IN CHAPTER 11 SALE PROCESS * SENCORPWHITE INC: UNDER TERMS OF APPROVED PURCHASE AGREEMENT, TOTAL CONSIDERATION TO BE PAID BY MSI IS ABOUT $40 MILLION Source text: ...
BRIEF-Renovaro & Biosymetrics Announce Definitive Merger Agreement
BRIEF-Renovaro & Biosymetrics Announce Definitive Merger Agreement
Feb 26, 2025
Feb 26 (Reuters) - Renovaro Inc ( RENB ): * RENOVARO AND BIOSYMETRICS ANNOUNCE DEFINITIVE MERGER AGREEMENT TO ADVANCE AI-DRIVEN BIOMARKER DISCOVERY AND PRECISION MEDICINE * RENOVARO ( RENB ): DEAL EXPECTED TO CLOSE IN MARCH 2025 Source text: Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved