CFE’s projected investments for the Isthmus of Tehuantepec for the period from 2019 to 2033 total 1,618 million pesos. The CFE, a company owned by the State of Mexico that produces and markets electricity, as a member of the Institutional Technical Committee formed together with other federal agencies,
U.S. exports of certain miscellaneous plastic products grew by $4.4 billion (18.3%) to $28.7 billion, according to the U.S. International Trade Commission (USITC). Plastic products with the largest increases in these international sales included those used in the global construction and automotive sectors, both of which saw strong
Automaker Ford announced Thursday that it projects to reach an annual production target of 600,000 electric vehicles by the end of 2023 and more than 2 million by the end of 2026. Ford expects the compound annual growth rate of electric vehicles to exceed 90% by 2026, more
The U.S. domestic truckload freight market in 2021 was approximately $732 billion, according to Statista. In the same period, the Mexican domestic freight market was estimated at approximately $45 billion. Likewise, the U.S.-Mexico cross-border freight market grew to $461 billion in 2021, while Mexico’s trade with the U.S.
The Mexican 3PL market would register a compound annual growth rate of more than 7.0% between 2021 and 2025, according to Modor Intelligence. The third-party logistics, or 3PL, sector continues to grow as an increasing number of companies outsource their logistics functions to more cost-effectively manage and extract
The demand for IoT devices has maintained an upward trend and its dynamic rise is expected to continue in projections through 2026. According to Hong Kong-based Tuya Inc, growing end-user demand for smart devices, driven by increased affordability and improved user experiences, is driving brands to adopt IoT