North America lives a kind of film script that could well be called: A Train Called Nearshoring.
In this case, A Train Called Nearshoring is not a metaphor or a rhetorical figure, but a reality, in which the destiny of three different nations and cultures –out of interest and convenience– advances towards an inevitable process of commercial union. and manufacturing.
Despite the fact that there are differences and commercial disputes between the governments of the United States, Canada and Mexico, the truth is that the integration and strengthening of the North American region seems inexorable.
This union, which had been advancing on the commercial level, is shaping up to integrate North American manufacturing. The pandemic and the disruption of production chains plus the deepening of geopolitical differences, specifically between the US and China, are accelerating it.
The detonator of the North American region, which for many years was present in the speeches and today seems increasingly tangible in the facts, is the relocation of companies (nearshoring, as they say in English).
Regardless of the consultations over energy, GM corn, Mexico’s mining law, US meat labeling, and the dispute settlement panel won by Canada and Mexico against the US, there are clear signs that such conflicts will be , in time, circumstantial chapters.
In the end, what will prevail is the commercial, manufacturing and logistics integration between the three nations. An evident sign of the deepening of commercial and manufacturing integration is the tremendous competition that is coming in the railway field between the companies of that sector of the three nations.
Two powerful railway chains: CPKC and CN-UP and GMXT, have already put on their “gloves” and will face each other in a contest, without a time limit, for the North American market.
Just a few days ago, the birth of the first T-Mec railway was formalized with the acquisition of Kansas City Southern, for 31 billion dollars, by Canadian Pacific, which gave rise to CPKC Mexico, headed by Óscar del Cueto.
CPKC will be one of the largest railway companies in North America, with a network of 32,000 km, covering 14 ports, with more than 20,000 jobs and more than one billion dollars in sales.
Yesterday, the Canadian National (CN) transcontinental railway company, Union Pacific (UP) and Germán Larrea’s Grupo México (Ferromex-Ferrosur) announced the creation of the Falcon Premium intermodal service, a rail connection service between Mexico-USA- Canada.
It will directly connect all CN origin points within Canada and Detroit, Michigan to the GMXT terminals in Mexico: Monterrey, Nuevo León and Silao, Guanajuato.
This service will directly benefit intermodal customers who ship auto parts, food, freight of all kinds, household appliances, and temperature-controlled products.
The Falcon Premium service will be the fastest and most reliable intermodal rail service between Canada and Mexico by combining the unique benefits of each partner. This is fierce competition among rail companies, who anticipate strong growth in trade and manufacturing in the North American region. . Let’s see.
glimpses
The Rassini shareholders’ meeting appointed Eugenio Madero Pinson as executive president of the company’s board of directors. The executive also maintains the position of CEO.
Rassini is the largest producer of suspension components for light commercial vehicles in the world. It maintains a presence in more than 7 out of 10 electric cars that will be sold in North America in the following years, including iconic platforms in the segment such as Hummer. EV, F150 Lightning, Tesla Cybertruck, among others.
With 25 years of experience at Rassini and his leadership as CEO, Eugenio has contributed to strengthening Rassini’s position in the automotive market.
Eugenio is the son of Antonio Madero Bracho who founded Rassini in 1979 with the strong cash flow he obtained from the Sanluis mines.
Madero Bracho is a visionary of international trade. He first got on the powerful GATT train, then NAFTA and now his son, with the same perspective, he takes advantage of T-Mec and nearshoring.
It can be said that Rassini has been instrumental in helping the Mexican automotive market surpass Brazil’s as the number one vehicle market in Latin America.
