Chicago-based transportation management services provider Coyote Logistics, a subsidiary of transportation and logistics bellwether, UPS, opened up a new office in Guadalajara, Jalisco, Mexico.
Company officials said that with this office, the company will be able to better assist Latin America-based customers, while continuing to provide shippers with truckload, less-than-truckload, intermodal brokerage, and transportation management services.
“The Guadalajara office is a smart expansion for Coyote and our customers,” Coyote President Jonathan Sisler said in a statement. “We have been arranging the movement of freight into, out of and within Mexico for years, but this expansion allows us to further develop the intra-Mexico business and execute a broader, more complex array of services to existing and new customers both in Mexico and North America.”
Headquartered in Chicago in the U.S., the Coyote network of 40,000 contract carriers, over 14,000 shippers and sophisticated software is designed to facilitate trucking services between shipping companies and carriers across a range of modes and service offerings.
The company has been working on this expansion for more than a year, with the idea behind it being to expand service offerings for its existing North American customers but to also gain scale within Mexico as well.
As for the biggest benefits of this expansion for shippers, the spokeswoman said the company can execute a broader, more complex array of services to existing and new customers in Mexico and North America.
Prior to the launch of this new office, Coyote has served Latin America through a North American team based in its Chicago headquarters that is dedicated to servicing customers with cross-border needs. The new office is currently staffed with around 30 employees, with that number expected to grow over time, the spokeswoman said.
The introduction of this office comes at a time when there is a fair amount of talk regarding the fate of the North American Free Trade Agreement (NAFTA) and if it will be rewritten. Regardless of what eventually happens on that front, the spokeswoman said Coyote and parent company UPS will be prepared.
Citing U.S. Department of State data, Coyote said that on a daily basis the United States and Mexico exchange around US$ 1.4 billion in commercial trade, and, according to Boston Consulting Group consumer spending in Mexico has increased over the last five years, with market opportunities in Mexico projected to top US$ 325 billion by 2018.