CP's Tronicus to tap Mexico's third-party logistics market (8/8/2002)
8/8/2023Canadian Pacific Railway supply-chain management subsidiary Tronicus Inc. Aug. 8 launched a Mexican arm, Tronicus (Mexico) S.A. de C.V., and named Federico Tamayo Tovar director of Mexican business development to lead the unit.
"With the numerous reforms recently undertaken and the various free-trade agreements Mexico has signed, the Mexican marketplace has become a manufacturing and emerging international trading hub," said Carl Young, Tronicus president and chief operating officer, in a prepared statement.
Tronicus, an asset-neutral supply-chain management and third-party logistics provider, offers a single bill (for all carriers, transfer facilities and customs services), in-transit inventory management and global supply-chain visibility, and a single contact point to manage shipments.
"Mexico's labor-cost advantage is diminishing comparatively to countries such as China and India," said Tamayo Tovar. "Businesses are willing to explore new alternatives not only to reduce costs, but to create value and secure a competitive advantage."
Source: Progressive Railroading Daily News