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Truck trade has Pharr to go in post-lockdown recovery

Ags - Fruit/Veg 111 Cons. Discr. - Autos 935 Consumer Staples 600 Coronavirus 408 Industrials - Capital Goods 455 Mexico 725 Mode - Truck 60 U.S. 4555

The U.S. CBP will expand capacity at the Pharr, Texas port of entry to accommodate future growth in Mexican exports including agricultural produce. Growth in traffic through the region via Reynosa, Mexico was anemic in 2019 with an increase of just 0.1% resulting from a 10.9% drop in auto components offsetting a 3.8% rise in fruit and vegetable shipping. Despite the reopening of the Mexican economy in the wake of COVID-19 there was still an 18.0% drop in shipments in July through the region including a 23.5% drop in electrical and electronics exports from Mexico. Shippers could rapidly s...

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