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Peso appreciates against dollar to best level since 2020

The peso was selling at just under 19.45 to the dollar at the close of trading on Monday   The Mexican peso appreciated for a fifth consecutive day on Monday to close at its strongest level against the U.S. dollar since 2020. Buoyed by the expectation that the Bank of México (Banxico) will raise its […]
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As US-China relations worsen, expect supply chain chaos

Pillar of American manufacturing and consumerism looking wobbly The trans-Pacific trade lane connecting the world’s most important countries is a pillar of the global economy. But now it’s becoming an epicenter of supply chain, financial and geopolitical risk. During the pandemic, ocean container spot rates rocketed upward from approximately $1,000 per 40-foot container to nearly […]
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Peso appreciates against dollar to best level since 2020

The peso was selling at just under 19.45 to the dollar at the close of trading on Monday   The Mexican peso appreciated for a fifth consecutive day on Monday to close at its strongest level against the U.S. dollar since 2020. Buoyed by the expectation that the Bank of México (Banxico) will raise its […]
Read Now

As US-China relations worsen, expect supply chain chaos

Pillar of American manufacturing and consumerism looking wobbly The trans-Pacific trade lane connecting the world’s most important countries is a pillar of the global economy. But now it’s becoming an epicenter of supply chain, financial and geopolitical risk. During the pandemic, ocean container spot rates rocketed upward from approximately $1,000 per 40-foot container to nearly […]
Read Now

Second rail union rejects deal with freight railroads, elevating chance of strike

All the 12 rail unions must ratify any new agreement to avoid a potential work stoppage Another rail union has rejected a tentative agreement with the major freight railroads, becoming the second labor group to turn down the deal brokered by the Biden administration and raising the chances of a nationwide strike. The Brotherhood of […]
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America Only Has 25 Days Of Diesel Supply Left; Biden Administration Responds

The United States has less than one month’s supply of diesel fuel, according to data from the Energy Information Administration. Even as the nation has a mere 25 days of inventory, marking the lowest levels since 2008, the four-week average of distillates supplied, a proxy for demand, rose to its highest seasonal level since 2007, […]
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San Diego inks deal with Mexico over tolling at new Otay Mesa border crossing

Elected officials approved Friday an agreement with Mexico over how to collect and share the revenue from new $1.47 billion port of entry Officials from across the San Diego-Baja California region on Friday celebrated a painstakingly negotiated binational agreement for collecting tolls at the envisioned new Otay Mesa border crossing. The deal — unanimously approved […]
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Why the U.S. might not win the global economy without Canada and Mexico

Last week, Democratic lawmakers Ro Khanna and Zach Wahls wrote an op-ed in The Economist that outlined their vision for the Democrats to win the fast-approaching midterms and other future elections: try to win back districts in the industrial heartland that were once Democratic strongholds, but have since shifted decisively to the Republican Party under […]
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4,000 asylum-seekers allowed to enter U.S. through San Diego in August

SAN DIEGO (Border Report) — Since April, the number of asylum-seekers allowed to cross the border from Tijuana into San Diego has gone up by 10 times, according to the National Institute for Migration in Baja California. The agency says in April, only 393 migrants were given permission to cross the border through Ped West, […]
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Rail workers union rejects contract, renewing strike threat

One of the nation’s largest railroad unions has rejected a contract with freight carriers, once again raising the possibility of a strike and the profound economic implications that go with it. The rejection by the Brotherhood of Maintenance of Way Employes Division announced Monday comes just weeks after the Biden administration helped broker a deal […]
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California governor takes back millions earmarked for raw sewage cleanup along border

SAN DIEGO (Border Report) — Earlier this month, California Gov. Gavin Newsom vetoed a bill that would have dramatically improved water quality in two problematic areas along the California-Mexico border. The bill included $50 million to clean up the New River, which runs from Baja California to the Salton Sea near Palm Springs and another […]
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Mexico’s Senate votes to shift National Guard from civilian to military control

MEXICO CITY (AP) — Mexico’s Senate passed a bill early Friday handing control of the country’s recently created National Guard over to the military. When the National Guard was created under a Constitutional reform in 2019, it was placed under civilian control. But most of its training and recruitment has been done from within the […]
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