Loads bound for East Coast markets up into Canada should save more than $1,000 per truck and about a day’s transit time.
Another development to keep an eye on, Shwedel said, is ports on Mexico’s Pacific coast, which could serve as entryways for fruit from Chile, Peru or Asia.
Compared to shipping through Los Angeles/Long Beach, Shwedel said, transit costs per truck would be up $1,500 less and 15 hours could be cut from transit time.
While the U.S. is settling into four more years of an Obama administration, Mexico recently elected a new president, Enrique Pena Nieto.
ATP conference panelists seemed optimistic about his promises toward trade and economic development.
Along those lines, Pena Nieto has said he will energize state-owned energy company Pemex, aiming to join the booming oil and gas party that has been going in the U.S. and Canada thanks to hydraulic fracturing technology.
If Pena Nieto follows through on this, Mexico will likely to join the U.S. and Canada to form a North American powerhouse that could emerge as the center of world energy markets. (Note to President Obama: Don’t be a punk; green-light the U.S.-Canada Keystone pipeline.)
Secure and affordable of oil and gas supplies will help a produce industry that relies on these inputs for transit fuel — as well as synthesizing fertilizers, pesticides and herbicides. A growing oil and gas sector across North America should fuel a growing economy with well-paying jobs.
That would mean further growth throughout the economy, thanks to more disposable income in the pockets of Americans, Mexicans and Canadians.
And to paraphrase that old food industry truism, all those people gotta eat.
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