This fireside chat recap is from the FreightWaves 3PL Summit on Wednesday.
FIRESIDE CHAT TOPIC: The future of cross-border freight and third-party logistics providers.
DETAILS: Cargado’s Matt Silver breaks down the changing role of 3PLs and how they can help shippers as more manufacturers move their supply chains to Mexico.
SPEAKERS: Silver, co-founder and CEO of Cargado, a FreightTech firm that is building software to simplify the cross-border shipping process, and FreightWaves’ Mary O’Connell.
KEY QUOTES FROM SILVER:
“You’re going to just continue to see a lot of benefits for companies to move to Mexico and out of Asia. I think it’s just going to continue to explode, and seeing that trade between Mexico and the U.S. was almost $800 billion last year, that’s going to keep growing. We’ll see that continue to skyrocket, especially as some of these massive plants like the Tesla factory in Mexico finally come to fruition.”
“The reason why you don’t see shippers completely focusing on just growing their capacity and going direct to the carriers is because a lot of them don’t want to deal with all those problems at the [Mexican] border. And a lot of carriers aren’t built to support a lot of the customer service side of things. So it’s more advantageous for the carrier to work through a lot of brokers, because they don’t have to deal with everything going on at the border besides turning in the paperwork.”
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Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now