The global truck market contracted in 2020 due to the economic effects related to the Covid-19 pandemic. According to Daimler, the severe economic crisis caused demand for heavy trucks to drop dramatically in many of the international markets in which the company operates. First, the North American market
Logistics in Mexico works well, although not without some concerns, the US Department of Commerce said. Basically, Mexico is a leading global logistics center, largely based on its 13 trade agreements with 50 countries. Specifically, the World Bank’s Logistics Performance Index (most recent year) ranks Mexico 51st out
The peso begins the session with a depreciation of 0.36% or 7.2 cents, trading around 19.89 pesos per dollar, after the exchange rate hit a new low since January of 19.7850 pesos overnight. It is worth mentioning that it is the first depreciation of the peso after six
Freightliner led heavy vehicle sales in March 2021 in Mexico, according to the National Association of Bus, Truck and Tractor Producers (ANPACT). Together, these sales include tractors, trucks and buses. With a 4.4% share, Freightliner posted wholesale sales of 764 units in this indicator. Behind, Freightline left Kenworth
The peso closed the session with an appreciation of 0.51% or 10.2 cents, trading around 19.82 pesos per dollar, with the exchange rate touching a maximum of 19.9415 and a minimum of 19.7951 pesos, a level not seen since January 22. The appreciation of the peso was the
The Philippines posted a surplus in its services trade of $ 13.1 billion in 2020, an increase of 0.3% over 2019. More than anything, the larger surplus in services trade was attributed to a 5.2% increase in the surplus of other businesses and services from $ 12 billion