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Cross-Border Growth Opportunities - Q3 2024
SWAN Cross-Border Update Welcome,

Last quarter (view in English and Español), we pointed out key statistics driving the trucking industry. These trends also underlie the rapid growth being seen in the cross-border segment.

2023 trade volume between the United States and Mexico reached a record $798.8 billion. That figure surpasses even China and positions Mexico as the United States' main partner with a spotlight on the fundamental role of nearshoring.

Trucks transported 71% of that flow between the two countries, compared to rail and ships at 12% each, air at 3% and pipelines at 2%. Laredo, Otay Mesa and El Paso are the highest volume cargo hubs, with Laredo leading the way with 10,000 northbound heavy vehicles passing through every day!

B-1 visas are vital for facilitating efficient trade logistics between the United States and Mexico and Canada. The seamless movement of goods between these countries depends on effectively managing the needs of drivers operating under this unique visa status.

A primary concern for these drivers can be the loss of health and workers' compensation insurance in their home countries if crossing the border. This means that other alternatives must be provided to protect both the drivers and the motor carriers.

To meet this need, SWAN offers an AM Best A-rated inbound travel insurance policy that is tailored specifically for Mexican and Canadian B-1 visa drivers operating in the U.S. It seamlessly blends occupational accident coverage with essential travel insurance benefits to address the needs of those drivers.

This innovative policy combines traditional occupational accident insurance coverages - such as medical, disability and accidental death and dismemberment - with essential travel insurance benefits, including coverage for non-work-related emergency medical conditions, medical evacuation and repatriation.

It is with this ethos in mind we have supported fleets like BG Trucking. A leading provider of borderless logistics solutions based in Calexico, CA, BG Trucking offers comprehensive capabilities to deliver extensive coverage across 48 states and facilitate smooth border crossings.

The SWAN-provided insurance program is helping BG Trucking increase its safety culture, expedite claims and ensure that drivers are educated correctly.

"SWAN has been a vital partner in supporting BG Trucking's growth and commitment to safety. Kevin Mealey, their Cross-Border Transportation Specialist, and his team consistently provide exceptional service, ensuring that our coverage is comprehensive and aligned with our unique cross-border operations." - BG Trucking

"Their expertise in the transportation industry, paired with their proactive approach to risk management, has helped us safeguard our business. With SWAN Insurance by our side, we feel confident that our operations are protected, allowing us to focus on delivering excellence to our clients."

Supporting our success with cross-border fleets is SWAN Account Manager Michael Goldsmith and Claims Manager Rafael Negron.

Michael brings nearly a decade of experience in transportation, including roles at Citi Bank and Qualitas. Skilled in underwriting complex accounts, Michael has received the Certified Supervisor of Safety (CSS) designation, enhancing his expertise in fleet safety management as well as an associate in insurance services (AIS) and the Transportation Risk Specialist (TRS) designation from the Motor Carrier Insurance Education Foundation (MCIEF).

Having recently renewed his TRS designation and completing the newly released Transportation Claims Specialist (TCS) curriculum, Rafael is ready to assist you in expediting claims in the most efficient manner, helping you get your fleet back on the road as soon as possible.

We are constantly on the lookout for innovative insurance programs to help you increase efficiencies, reduce costs and grow your business. Text me, send me a WhatsApp, or schedule a call to explore how we can optimize your business together.

Text Kevin WhatsApp Kevin Schedule a Call

Until then, we wish you prosperity as our industry continues to grow.

Sincerely,
Kevin Mealey
Kevin Mealey
Cross-Border Transportation Specialist
SWAN Insurance
Call: (858) 766-6303 | Email: kevin@swan-ins.com | Connect: LinkedIn | CA #4115839
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