Category: Mexico Business

Mexican company Bimbo may be the savior of the iconic “Twinkie”

Friday’s announcement by Hostess Brands Inc. that it will liquidate its business after striking workers with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union did not come to an agreement with company management, led to a run on Twinkies quickly emptying store shelves. Entrepreneurs quickly seized the moment with boxes of Twinkies appearing on

Mexico’s President Elect Enrique Pena Nieto speaks on Mexico’s next chapter

More political rhetoric? Pandering to his detractors or simply an honest assessment of his goals as Mexico’s next President? Mexico’s President elect, Enrique Pena Nieto submitted this op-ed piece to the New York Times this morning. On Sunday, Mexicans turned out in large numbers to vote for change — a change in priorities and approach,

UPS rolls out expedited ground freight service with Mexico

by Mark Soloman – DC Velocity UPS Inc. said today it has launched an integrated ground shipping and brokerage service for heavy freight shipments between the United States and Mexico that offers faster door-to-door transit times than currently provided by less-than-truckload (LTL) operations. The bi-directional service, called “UPS CrossBorder Connect,” will utilize the trucking network

Mexico agrees to stop “rotation” of tariff’s but will not lift them until agreement is reached

MEXICO CITY – Mexico will maintain punitive tariffs on 99 U.S. products but will not add any more goods or change the list pending negotiations over a new program to allow Mexican cargo trucks on U.S. roads, the government announced Monday. Economy Secretary Bruno Ferrari said the move is a show of goodwill as the

President Calderon announces opening of bids for Punta Colonet Mega Port Project

ENSENADA – Traveling to a remote coastal community 150 miles from the U.S. border yesterday, President Felipe Calderón formally announced the bidding for Mexico’s $5 billion rail-and-seaport project at Punta Colonet. Billed as the most ambitious infrastructure project of Calderón’s administration, the port would open a new trans-Pacific route for Asian products headed to the