Hub, Grupo TMM form cross-border alliance

Oct. 31, 2002
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.

About the Author

Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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