Hub, Grupo TMM form cross-border alliance

Third-party logistics providers Hub Group and Grupo TMM of Mexico have agreed to form a joint network to manage freight moving between Canada, the United States and Mexico. Lombard, IL-based Hub said the deal calls for TMM Logistics, a subsidiary of Mexico City-based Grupo TMM, to provide all sales support and operational execution within Mexico and Hub Group to furnish the same capabilities in Canada

Third-party logistics providers Hub Group and Grupo TMM of Mexico have agreed to form a joint network to manage freight moving between Canada, the United States and Mexico.

Lombard, IL-based Hub said the deal calls for TMM Logistics, a subsidiary of Mexico City-based Grupo TMM, to provide all sales support and operational execution within Mexico and Hub Group to furnish the same capabilities in Canada and the U.S.

A newly formed division of Hub Group, called Hub Mexico, will provide joint marketing, door-to-door oversight and coordination as well as pricing support, the company added.

The companies said the TMM/Hub partnership is designed to "integrate" various modes of transportation with a logistics system to offer customized cross-border transportation solutions.

The deal comes at a time when Hub is undergoing a substantial reorganization. The company announced earlier this month that it plans to cut corporate overhead and eliminate jobs through the adoption of new technology in an effort to save approximately $10 million annually beginning in 2003.

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