Borderlands: Texas trucking company acquired by Online Transport Inc.

Texas trucking company acquired by Online Transport Inc.

El Paso, Texas-based Mustang Express has been acquired by Online Transport Inc., a truckload carrier with greater than 550 power units and 600 employees.

Mustang Express is an over-the-road truckload team-based operation with two drivers within the tractor in any respect times.

“Mustang Express’ fleet consists of 65 drivers that primarily operate on the El Paso to Midwest corridor,” Online Transport said on LinkedIn. “This strategic acquisition will immediately double our footprint in El Paso.”

Financial terms of the transaction weren’t disclosed.

Mustang Express was founded in 2001 by Rick and Laura Hernandez. The corporate transports automotive parts, medical products, raw material and other cargo, in line with a latests release. The carrier serves customers within the automotive, medical, paper products and technology industries.

Mustang Express’ terminal is positioned about half-hour from the Bridge of the Americas port of entry along the U.S.-Mexico border. 

Online Transport, founded in 2000, is predicated in Greenfield, Indiana. With 10 terminals across the country, the corporate provides over-the-road transportation services starting from bulk liquid, flatbed, refrigerated and dry van, in addition to brokerage and warehouse distribution services. 

As of Friday, outbound freight from El Paso (OTVI.ELP) fell about 3.7% week over week, in line with FreightWaves SONAR. El Paso’s outbound volume is down 36% yr over yr.

In recent months, carriers within the El Paso area have experienced delays on the U.S.-Mexico border because of every part from computer glitches on each side, in addition to disruptions brought on by migrant crossings. 

US requests USMCA dispute resolution over Mexico corn ban

U.S. officials recently requested dispute settlement consultations with Mexico over the country’s plan to limit imports of genetically modified (GM) corn from america.

U.S. Trade Representative Katherine Tai initiated the dispute consultations using the United States-Mexico-Canada Agreement (USMCA). The consultations will last 75 days. If no resolution is reached, officials can call for a third-party dispute panel.

Mexico’s plan to ban the import of the GM crop began in 2020 when Mexican President Andres Manuel Lopez Obrador decreed he would eliminate using the herbicide glyphosate and GM corn within the country. 

In response to some U.S. officials, interruptions to corn exports to Mexico could severely affect farmers in corn-producing states, including Iowa, Nebraska, Illinois, Minnesota and Indiana.

Mexico’s GM corn ban was initially scheduled to start in 2024, but has been postponed by Mexican authorities until 2025.

RK Logistics expands into Arizona market

Fremont, California-based RK Logistics Group recently opened an office in Scottsdale, Arizona, geared toward supporting clients within the Phoenix area and southern a part of the state.

The power will include sales, business development and administrative staff and can concentrate on delivering logistics solutions for industrial and manufacturing businesses within the region, in line with a news release.

Along with the brand new office, the corporate has plans to open a 190,000-square-foot logistics warehouse in the world by the tip of the yr.  

RK Logistics is a 3PL providing supply chain services for global customers. The corporate has five logistics centers across the U.S. and employs about 400 staff.

The Scottsdale office is the corporate’s third expansion this yr, previously opening facilities in Ann Arbor, Michigan, and Austin, Texas.

Watco opens railcar storage facilities in Texas.

Port 10 Watco Rail Logistics — a three way partnership between Watco, Pontikes Development and McNair Interests — recently opened a storage-in-transit yard in Baytown, Texas.

Watco will provide switching operations for the yard, which features 420 rail-car spots, the corporate said. The yard is near Port Houston and provides access to the Union Pacific Railroad.

Along with 400 railcar spots, 3 million square feet of warehouse and distribution space might be available for forward-positioning customer products.

“The brand new yard adds convenience, flexibility and operational efficiencies for our customers,” said Marc Massoglia, Watco senior vice chairman of sales, in the corporate’s monthly newsletter. 

Watco is a transportation and provide chain services company with locations throughout North America and Australia. The corporate is predicated in Pittsburg, Kansas.

Watch: contract rates are dropping.