Ryder Expands CrossBorder Footprint in U.S. and Mexico to Support Growth in Nearshoring

Ryder System, Inc. has opened a new logistics operation in Laredo, Texas and expanded its drayage yard in Nuevo Laredo, Mexico. The ports now form the top inland transborder trade port between the U.S. and Mexico. Ryder’s new facilities aim to support manufacturing growth and speed up product transportation across the border, catering to businesses looking to shorten lead times and diversify supply chains.

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Ryder Cross-Border Expansion FAQ

Frequently Asked Questions (FAQs) - Ryder Expands Cross-Border Footprint

1. What is Ryder's recent business move in regards to U.S.-Mexico trade?

Ryder has expanded its cross-border footprint in the United States and Mexico, reportedly to support the growth of nearshoring, which involves moving business operations closer to the end consumers.

2. Why is Ryder expanding its operations at the U.S.-Mexico border?

This expansion is likely in response to the increased demand for efficient cross-border logistics due to the rise in nearshoring. Truck border crossing activity between the U.S. and Mexico has seen significant growth since the pandemic, with an increase of more than 20% annually.

3. What type of facilities has Ryder introduced as part of its expansion?

Ryder has introduced new multiclient warehouses and cross-dock facilities as part of its expansion. These are designed to improve logistics efficiency for businesses operating across the U.S.-Mexico border.

4. How does nearshoring benefit companies in times of supply chain crises?

Nearshoring offers advantages during supply chain crises by reducing the dependency on distant suppliers, potentially lowering transportation costs, and improving the agility of the supply chain.

5. Is Ryder the only logistics provider expanding operations in Mexico?

No, Ryder is not the only logistics provider expanding in Mexico. Other logistics and transport companies have also announced plans to expand or introduce new cross-border services, as indicated by the search results.

Please note that this information is collated from the given search results, and for more in-depth and up-to-date information, you should refer to the articles directly, especially given that the search results indicate the information is quite recent (13 to 15 hours ago at the time of querying).