War hurting Mexican trucking, CANACAR says

| 4/8/2003

According to CANACAR, the Mexican trucking association, its members have lost $23 million in the first three months of the year because of heightened security due to war with Iraq, the Houston Chronicle reported.

Trucks that once crossed the border six times a day can now make that same journey only half as many times because of the beefed-up security measures, the paper reported. And in some cases, truckers wait as long as 12 hours to cross into the United States.

The association said that with productivity declining, trucking companies have had to use more equipment, at an additional cost of $14 million in March. It estimates they would have to raise fees by 20 percent to 50 percent to break even under those circumstances.

The manufacturing sector was already in trouble because most of Mexico's exports go to the United States, where the economic slowdown has cut orders.

Since the September 11 terrorist attacks, the Mexican trucking industry has lost more than $95 million, said trucking association president Manuel Gomez Garcia.