Trade with Mexico Expected to Exceed 1.5 Trillion
By the year 2050, Texas trade with Mexico is expected to exceed 1.5 trillion dollars. If you’re not part of that growth, you’ll be missing out on a massive opportunity to expand your business and shape the future of cross-border trade. SecurCapital is the right partner to help you meet those goals with resources that span from investment capital to 3PL warehousing solutions.
In 2021, the Texas Department of Transportation (TxDot) released their Texas-Mexico Border Transportation Master Plan which allows for new infrastructure and investment to support the trade growth, including a fifth bridge that will connect Lareado, TX to Nuevo Laredo, Mexico.
Border wait times are estimated to have cost both the US and Mexico $2.3 billion dollars from the GDP. So with that growth could come significant loss as well. Analysts say that without updated and expanded infrastructure in both countries, we could be looking at $116 billion in lost GDP.
Caroline Mays, TxDOT’s Director of Freight, Trade and Connectivity had this to say: “Today, we are at 3.9 million tons of freight annually between Texas and Mexico, and we’re looking at pretty much doubling that by 2050 to 7.2 billion tons. That’s an 80% rate of growth. Trucks dominate the movement of freight around the state of Texas, but we also have rail, water and air that plays a big part of that movement.” She went on to add, “Transportation is where the rubber meets the road. We can’t compete as the North American trading bloc if we don’t address the infrastructure needs that are facing us today.”
In that competitive vein, Kansas City Southern Railroad is building a $75 million dollar rail bridge at the Laredo-Nuevo Laredo crossing. This addition will not only improve rail service, and expand capacity, but it will be an opportunity to grow trade between Canada, US, and Mexico. Freight will be moving cross-border in a constant stream.
If you’re interested in planning to grow with these new opportunities, reach out to us at SecurCapital today to discuss the great things we can do together.