Resistance in Mexico

Maersk taps into Tijuana’s growing trade potential with new warehouse launch.

Xeneta data reveals that average spot market rates from China to Mexico have consistently surpassed long-term contract rates since April 2023.

Canadian National (CN), Union Pacific (UP) and Grupo México Transportes (GMXT) have responded to the launch of CPKS with a new joint ‘Falcon Premium Intermodal’ service linking Mexico, the US and Canada.

Canadian Pacific Railway (CP) has received the required regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) for its proposed merger with Kansas City Southern (KCS). However, CP is still waiting for the Surface Transportation Board (STB) to complete its regulatory review before it can take control of KCS.

AP Møller-Maersk and China International Marine Containers (CIMC) have agreed to terminate the sale and purchase agreement for Maersk Container Industry (MCI), which was announced in September 2021 and had been expected to close in 2022. WorldCargo News understands that there was significant opposition to the deal from regulators in both Europe and the US.

Valparaíso Port Company (EPV) has said that it is not thinking of appealing to Chile’s Supreme Court of Justice in respect of a recent ruling by the Second Environmental Court of Chile regarding its Terminal 2 development. The lower court effectively paralysed expansion of the facility because of environmental concerns.