It's Benzinga, bringing Wall Street to Main Street
Violence broke out across Mexico after Jalisco New Generation Cartel leader Nemezio El Mencho
Asaguerra Cervantes was killed in a Mexican military operation aided by U.S. intelligence
according to CNBC. The unrest is disrupting freight routes and raising concerns about U.S.-Mexico
trade. Major U.S. airlines canceled or diverted flights to affected cities, impacting air cargo
which relies heavily on passenger aircraft. A spokesperson for cross-border logistics firm
said airport disruptions in Guadalajara have led to freighter cancellations that are affecting
cargo delivery and pickup. C.H. Robinson said road blockades in western Mexico have disrupted
container port pickups and cut off freight corridors. DHL said it is continuing operations
while adjusting its network to limit disruptions, but has seen lower than normal volumes from the
ports of Manzanillo, Lazaro Cardenas, and Veracruz. Trucking capacity tightened at border crossings
with spot rates and dwell times rising. For all things money, visit Benzinga.com