The value of freight moving between the U.S. and next door neighbors Canada and Mexico posted its 14th straight year-over-year gain in December, according to new Transportation Department figures.
Trucking and logistics interests are keeping a close eye on talks to revamp the North American Free Trade Agreement begin this week – particularly those involved in the automotive industry.
Roger Nielsen, president and CEO of Daimler Trucks North America, doesn’t seem concerned by talk about renegotiating NAFTA – even though its manufacturing footprint includes Mexico.
FedEx Chairman and CEO Fred Smith warned that President-elect Trump's campaign promises to pull back on international trade agreements could be “catastrophic.”
Today, borders aren’t so much barriers as they are trade portals. Yes, security concerns and trade issues have thickened our northern and southern borders in recent years, but the volume of NAFTA-region trade increased substantially at the same time.
FMCSA and the U.S. DOT have no influence over what happens in Canada, but Canada has plenty of its own regulatory agencies and ministries whose rules will affect American carriers' privileges and ability to operate there.
It's time for the 'free trade' in NAFTA to happen – enough already.
CFI's Mexican business can be traced back to deregulation.