Trade & Logistics
Will the European Debt Crisis Affect Texas?
Texas has been the nation’s No. 1 exporting state since 2002, due not only to its own business activities but also to its position as a major national hub for sea, land and air transportation.
In the last five years, the dollar value of Texas exports to the rapidly growing “BRIC” nations — Brazil, Russia, India and China — has risen dramatically.
With Texas being the key entry point for goods from Mexico and the rest of the world, Texas’ home based transportation logistics firms have become an important aspect to the economy of the state.
In 2010 67% of all US/Mexico cross-border truck traffic and 86% of all US/Mexico cross-border rail traffic used a Texas border crossing.