U.S. importers from Mexico are having to pay for empty truck runs due to a shortage of demand in Mexico for imports from the U.S. That can be seen in Mexican imports from the U.S. by truck which dropped by 20.6% year over year in July while exports to the U.S. only fell by 9.8%. The situation is particularly acute for the automotive industry with exports to the U.S. from Mexico by truck up by 289% in July from their May trough. The automotive component industry is sensitive to just-in-time deliveries and shipping costs. While there has been a recovery since COVID-19 related factory closu...
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