Faced with the shortage of truck drivers, strategies are implemented such as professionalization programs in association with Cecati and Conalep, as well as the hiring of more women. Compared to last year, the deficit increased by 6,000 jobs. The conjunction of trends such as nearshoring and post-pandemic commercial reactivation, with e-commerce leading the way, has […]
The new passenger train decree that puts the industry in jeopardy
It’s official. The Mexican government has the objective of reviving passenger rail transport in the country, through a decree that will launch seven routes. However, the new presidential goal and the regulatory modifications bring with them more questions than answers, and put in check the companies that have concessions on the roads for freight transportation. […]
Mexican Trademark Registration: Declaration of Use Now Required
On Nov. 5, 2020, Mexico enacted new intellectual property laws impacting trademark registration. These new laws are structured to align Mexico’s national intellectual property laws with the new intellectual property standards prescribed in the United States-Mexico-Canada Agreement (USMCA), the new trade agreement with the U.S. and Canada replacing the North American Free Trade Agreement (NAFTA). […]
What is the current state of the Laguna Verde Nuclear Plant in Veracruz, Mexico?
The Laguna Verde Nuclear Power Plant (LVNPP), located on the coast of the Gulf of Mexico in Alto Lucero, Veracruz, Mexico, is the only nuclear power plant in the country. It produces about 4.5% of Mexico’s electrical energy. The plant consists of two units, each with an installed capacity of 682 MW, using low-enriched uranium […]
Government of Chihuahua Announce Strategic Collaboration with Mexico Pacific
The Government of the State of Chihuahua and Mexico Pacific announced today they have entered into a strategic collaboration agreement, attracting key financial investment in Chihuahua and supporting the construction and operation of Mexico Pacific’s Sierra Madre Pipeline. HOUSTON, Nov. 15, 2023 /PRNewswire-PRWeb/ — The Government of the State of Chihuahua and Mexico Pacific announced […]
Air cargo business in Mexico is enjoying a boom fuelled by Nearshoring
UPS and FedEx are shedding pilots as their airborne operations shrink, but growth in Mexico has seen them step up capacity there. The downturn in parcel volumes moved by air prompted the integrators to accelerate the retirement of older aircraft and shed pilots. Indeed, reporting Q3 numbers, UPS reported its average daily airborne volume in […]
Harbor Mexico: a fintech franchise heading to new heights
Harbor, a leading fintech specializing in digital financing and trading solutions for Small and Medium-sized Enterprises (SMEs), is proud to introduce a dynamic team set to drive the Harbor Mexico franchise to new heights. Bryan Maloney, CEO of Harbor, stated, “Mexico is the second-largest economy in Latin America and has consistent economic growth and stability, so […]
Starlink to sign US$90 million contract to offer free internet in Mexico
Starlink, the satellite internet service of billionaire Elon Musk, has secured a 1.56 billion peso (US$89.80 million) contract to offer free internet in Mexico until the end of 2026, a Mexican government official said on Wednesday, November 15th. Musk’s company won the contract as it offered the best prices in the public tender offer, Carlos […]
Fibra Next is Mexico’s largest local IPO since 2018
Fibra Next, which includes properties owned by Latin America’s largest real estate investment trust, is pushing ahead with plans for an initial public offering worth 15 billion pesos ($864 million), the biggest local IPO since 2018. The company aims to sell up to 277.8 million shares known as CBFIs in the offering scheduled for Nov. […]
Will Mexico issue new tax incentives to attract more companies for Nearshoring?
The tax incentives, which provide for tax deductions from 56% to 89% on investments made in 2023 and 2024, are intended for companies that are dedicated to both the production and export of 10 items. Mexico Offers Tax Incentives to Entice Nearshoring Investors Mexico is offering large tax breaks to a swath of industries in […]