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Nuvocargo describes the chain reaction effects to cross border freight of Hurricane Hanna's major road closures.

COVID-19, introduction of USMCA, and added tariffs all pose hurdles to efficiency for shippers in North American trade lanes.

Freight moving from the U.S. into Mexico is experiencing lengthy delays due to the coronavirus pandemic at one crossing, but shorter-than-usual transit times at another, according to Nuvocargo, a digital freight forwarder and customs broker.

COVID-19, introduction of USMCA, and added tariffs all pose hurdles to efficiency for shippers in North American trade lanes.

Tumbling oil prices and manufacturing shutdowns have slowed truck traffic at the border, leaving fleets with no clear path of what comes next.

At the Mexico-U.S. border, some truckers are carrying just one full load south for every seven full northbound trips, well below the usual three-to-one ratio, according to data from freight forwarder Nuvocargo.

Freight-forwarding startup Nuvocargo raised $5.3 million in seed funding to support the growth of its trade routes across the U.S.-Mexico border.

Nuvocargo is a fast-growing startup applying software and modern communications to one of the world’s largest markets — moving freight from Point A to point B.

A second technology-based cross-border freight broker has received venture capital funding in as many months, with New York-based Nuvocargo landing a $5.3 million seed round Thursday.

Nuvocargo has raised a $5.3 million seed round for a managed marketplace for door to door freight transportation, serving trade routes between the United States and Mexico.