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Load board company Cargado gained $12 million through a recent funding round with the aim of bolstering its cross-border freight marketplace, the company announced April 7.

Tariffs have the potential to impact trucking capacity, freight lanes, and new and used equipment costs, and uncertainty over what will happen is introducing new challenges for trucking.

Mexico President Claudia Sheinbaum announced a plan to reduce the country’s imports from China in a bid to support local industry and align herself with the U.S. as a trade partner.

In supply chain management, reshoring and nearshoring are two strategies companies use to optimize their production and sourcing.

The nearshoring trend has been driving further transportation and logistics investments near the Mexican border as companies work to capture current and expected future growth.

The post-pandemic trend toward nearshoring of trade is on course to finish the year strong despite an earlier slowdown in broader trade activity.