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Stock impact report

Critical Concerns Around Compliance and Geopolitical Uncertainty Featured in Redwood's Cross-Border Index [Yahoo! Finance]

Carrier Global Corporation (CARR) 
Company Research Source: Yahoo! Finance
CHICAGO and MONTERREY, Mexico, April 09, 2024 (GLOBE NEWSWIRE) -- Redwood Logistics (Redwood), one of the fastest growing fourth party logistics (4PL) providers in North America, has pinpointed several key issues that are significantly influencing cross-border commerce. These concerns include the forthcoming elections in both the US and Mexico, increased border security protocols and rigorous inspection procedures, all of which are hindering trade flow and leading to considerable trucking delays. Mexican trucking companies are also currently in limbo, anticipating new investments in Mexico's infrastructure and awaiting the resurgence of demand in the United States. The situation is exacerbated by the strengthening Mexican peso against the US dollar, which may undermine the competitiveness of Mexican exports. "Compliance and trade regulations, such as the 'Carta Porte,' are crucial to ensuring the swift movement of goods across the border," said Jordan Dewart, President, Redwood M Show less Read more
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