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Borderlands Mexico: US trade with Mexico over $69 billion in April
Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US trade with Mexico over $69 billion in April; Cold storage provider inks $15M deal with Texas grocery chain; and Hengli Hydraulics opens $325 million plant near Monterrey, Mexico. Mexico was the top trading partner of the U.S. in April, with two-way commerce totaling $69.7 billion, a 4% year-over-year decline compared to April 2024. It was the 16th consecutive month and 26th of the past 27 months that Mexico has been No. 1 in trade with the U.S. Canada ranked No. 2 in trade at $56.6 billion in April. China ranked third at $33.6 billion, followed by Germany at $20.5 billion and Japan at $20.4 billion. John F. Kennedy International Airport was the No. 1 international U.S. trade gateway in April, totaling $35.1 billion, according to Census Bureau data analyzed by WorldCity. Chicago O'Hare International Airport was the second-ranked U.S. gateway for international trade at $30.2 billion during April. Port Laredo, Texas, was the No. 3-ranked U.S. trade gateway in April, compared to the same month in 2024, when Laredo was the No. 1 gateway for trade. Trade in the month totaled $28.3 billion, a 3% year-over-year increase. Officials for INRIX, a global provider of transportation data and analytics, said they are seeing positive trends for supply chain and vehicle movements between Mexico and the U.S. INRIX recently launched Cross-Border Insights, a product designed to track activity between the U.S.-Canada and U.S.-Mexico borders. The cross-border intelligence provided by INRIX aims to help investors analyze supply chains, assess policy impact, and forecast trade-driven risk. Michael Cottle, vice-president of enterprise business at INRIX, said they are seeing an uptick in northbound vehicles to the U.S.-Mexico border. 'We noticed an uptick of northbound crossings compared to the past for passenger cars on the weekends,' Cottle told FreightWaves in an interview. 'What we're seeing is possibly with the softening of the dollar that products are now cheaper in the U.S., and so it's led to retailers in those border towns staffing up to have more people there to accommodate the increased demand for shopping in the U.S.' Kirkland, Washington-based INRIX was founded in 2004. The company processes location-based data — telemetry data from passenger and freight vehicles — into mission-critical transportation applications and intelligence. '[The data] goes to logistics companies like Amazon and Trimble that do route calculation and manifest building,' Cottle said. 'In the hedge fund world, we can tell you how many people visited T.J. Maxx yesterday across the country, or how many trucks went to a Caterpillar plant. That gives them a kind of early signal of what might be happening financially with those companies instead of having maybe a month's delay in credit card data.' In recent months, INRIX has seen a steep decline in vehicle movements to warehouses and other facilities in and around the Port of Los Angeles. 'The Port of Los Angeles is an interesting trend — the month over month comparison of 2024 versus 2025 for these [recent] months, you have a pretty sharp decline of trucks picking stuff up at the port,' Cottle said. 'That's where a lot of products from China and Asia come in.' Beijing-based Hengli Hydraulics recently opened its first manufacturing facility in Santa Catarina, Mexico. The plant represents an investment of $325 million, creating over 200 direct jobs. Santa Catarina is located near Monterrey. Company officials said they have plans to eventually expand the facility and could eventually employ as many as 800 workers. Hengli Hydraulics operates in over 20 countries, with 11 manufacturing plants and more than 8,000 employees worldwide. The company produces hydraulic cylinders, pumps, motors and various valves, serving a wide range of industrial industries. Houston-based We Store Frozen said on Thursday it has finalized a $15 million, three-year agreement with San Antonio-based grocery chain H-E-B. The deal covers over 7,000 pallet positions dedicated to frozen produce storage and distribution. 'Since our roots run deep in Texas, we are excited to expand our relationship with the No. 1 Texas grocery retailer, H-E-B,' Omri Shafran, CEO of We Store Frozen, said in a news release. 'This partnership represents our continued commitment to innovation, service excellence, and supporting the growing needs of leading retailers.' In addition to storage services, We Store Frozen is expanding its frozen transportation capabilities as part of the agreement. The company will provide end-to-end transportation between the processing facilities and its cold storage centers for H-E-B. We Store Frozen is a provider of frozen and refrigerated storage solutions, servicing a range of food manufacturers, importers and national retailers. H-E-B operates more than 435 grocery retail stores throughout Texas and northern Mexico. The post Borderlands Mexico: US trade with Mexico over $69 billion in April appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Qualcomm Expands into AI Data Centers with Alphawave IP Acquisition
Qualcomm Incorporated (NASDAQ:QCOM) is one of the 8 Best Inexpensive Stocks to Buy Right Now. On June 9, Qualcomm announced its agreement to acquire Alphawave IP Group for an implied enterprise value of ~$2.4 billion. The acquisition will be carried out through Qualcomm's indirect wholly-owned subsidiary, called Aqua Acquisition Sub LLC. This move aims to expand Qualcomm's presence in the booming AI data center market and reduce its reliance on smartphone chips. Cristiano Amon, President and CEO of Qualcomm, stated that Alphawave's high-speed wired connectivity and compute technologies are complementary to Qualcomm's power-efficient CPU and NPU cores, which include their next-gen custom Qualcomm Oryon CPU and Qualcomm Hexagon NPU processors. This acquisition is expected to provide key assets for Qualcomm's expansion into data centers, where growth in AI inferencing is driving demand for high-performance, low-power computing. An aerial view of a bustling semiconductor production zone showcasing the company's integrated circuits. Alphawave shareholders will be offered 183 pence per share in cash. This represents a premium of ~96% to Alphawave's closing price on March 31, which was the day immediately preceding Qualcomm's disclosure of its interest. The deal is not anticipated to face material regulatory obstacles, especially after Alphawave exited its Chinese joint venture, WiseWave, on June 9. The acquisition is expected to be completed during Q1 2026, pending certain conditions. Qualcomm Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry worldwide. It operates through 3 segments: Qualcomm CDMA Technologies/QCT, Qualcomm Technology Licensing/QTL, and Qualcomm Strategic Initiatives/QSI. Alphawave IP Group is a Canadian-founded semiconductor company domiciled in the UK. The company's expertise includes 'serdes' technology, which enhances chip data-processing speeds for AI development. While we acknowledge the potential of QCOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
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9 minutes ago
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Our father brought his dreams to life. That makes him a superhero to us.
This weekend, fortunate families everywhere will celebrate fathers. Maybe you're thinking of the lessons learned from your dad ― from baseball to fishing or, in our case, in business. As leaders of a global aerospace and defense business started by our dad, every day we walk halls that were dreamed of, hustled for and quite literally paved by our father. We recognize that's a gift. As the years go by, we find ourselves reflecting on our company's humble beginnings and everything Dad did to build this company. As brothers, we have had front row seats to the evolution of a family business, and our core values are rooted in how that business was started. It started with our own personal superhero. In our eyes, our father, Phil Busey Sr., has always been a giant among men. As young boys growing up, we did not know exactly what a lawyer was. We just knew our dad worked hard, dressed in great-looking suits, kept an office at the house and had a nice office in a big building in downtown Oklahoma City. He had a car phone in his superfast red Oldsmobile Toronado Trofeo in addition to a phone in his briefcase. Physically, he was to be admired. A former college baseball player, Dad ran laps around the block most evenings and lifted weights often. He was the most muscular dad on the block. We considered him a real-life Superman. His career had its share of turns over the years. By the time we reached the later years of high school, the financial pendulum had swung in a different direction. We watched and admired our dad's continued work ethic in the face of challenge after challenge. More: Father's best advice: Only back your car up as much as necessary; don't go overboard | Opinion By the time we were in college, our dad was driving a beat-up Mercury Sable. Refusing to take on debt for our college education, he made the drive to Weatherford to take us to the Southwestern Oklahoma State University bursar office to pay for our education little by little. Still a physical presence as always, he made sure to teach us the importance of good education, financial stewardship and putting family above all else. He would often preach to us that blood is the thickest of bonds. Our dad began building Delaware Resource Group (DRG) when we were in college. Not long after the company was formed in 2002, times started to get better. Recognizing the major risk he and our mom put themselves in to start the business, Dad seized the opportunity to build something big and opened the door for us to join him for the ride. Just a few short years after DRG was formed, we joined the company full-time. Dad was quick to include us in all aspects of the growing business. He taught us how to manage, observe and deliver what the customer expected. Most importantly, he taught us about respecting all people and treating everyone with care and kindness. Opinion: Today's young men are doing worse than their fathers. How can we fix that? Dad's health took a major turn just over 11 years ago. Our muscular, athletic father was stricken with Guillain-Barré syndrome (GBS) and forced into a wheelchair. Despite this, he continues to teach us lessons in business and now in fatherhood, as we try to follow his example with our own children. We continue to admire the love and support he shows our sister in her pursuits educating young people, as well as the unwavering commitment he has shown our mom through the years. Because of all he has accomplished, his outlook on life, mortality and finding joy in everything life offers has become far more amplified. Today, the global business our father founded continues to grow, and because of him, it is making a lasting impact in Oklahoma City and across the world. While he retired from DRG over two years ago, he remains a presence in our halls, but more importantly, in our lives. We are forever grateful. Brian Busey and Philip Busey Jr. are the CEO and president, respectively, of Delaware Resource Group, an Oklahoma City-based aerospace defense company founded by their father in 2002. This article originally appeared on Oklahoman: On Father's Day, we thank our dad: DRG founder Phil Busey Sr. | Opinion
