Archive for December, 2009
Crossborder Quoted in L.A. Times: Border Waits “Add Another Brake to the Cross-border Economic Engine”
Reporter Rich Marosi of the L.A. Times did a great job in this November 2009 article covering the implementation (and impacts) of Mexico’s new inspection system for southbound vehicles along the U.S.-Mexico border. Crossborder’s President also got a good quote in — to highlight the likely economic implications (and the need for more infrastructure investment at our borders).
The article’s a bit old, but…still good info: using data collected from previous at-border surveys collected by Crossborder Group, this online journal gave us a chance to talk about the positive retail impacts of crossborder shoppers from Mexico that enter the U.S. Our conservative estimates are that US$25-30 million is spent each day (on average) in U.S. retail stores by Mexican consumers that cross legally at our Ports of Entry, and then return home. Imagine the potential impact if border waits weren’t so long?