ST LOUIS, MO: Start-up company Bi-National Gateway Terminal says it plans to build a cargo handling facility on a 49-acre site at Lambert St Louis airport to develop trade between the U.S. and Mexico.
A first-phase 500,000 sq.ft. terminal will handle perishables, live animals, high value shipments, express and general cargo for two-way traffic between Mexico and Latin America.
According to U.S. Department of Commerce (DoC) figures, U.S. exports of goods and services to Mexico last year were US$270.4 billion, up 5.4 percent from 2013, while imports rose 5.7 percent to US$321.7 billion in the same period.
As a result, the U.S. trade deficit with Mexico rose to US$51.3 billion in 2014.
The DoC says investment in Mexico totaled US$101.5 billion in 2013 while Mexico’s corresponding figure in the U.S. rose nearly 22 percent to US$17.6 billion.
Bi-National Cargo Terminal’s founder and president Ricardo Nicolopulos commented: “In addition to developing the new terminal facilities, we are working closely with the Mexican authorities to introduce fast–track pre-clearance and security functions for exports from the USA.
“Once approved, this pre-clearance system will expedite import traffic into Mexico. Eventually, however, it will also enable Mexico to export by air in a more reliable and efficient manner that will enhance the country’s position as a trade partner for the world.”
Airport Cargo Development director David Lancaster added: “This is excellent news for Lambert St. Louis and fits perfectly with our airport strategic plan and the region’s focus on growth in the logistics sector.
Lancaster suggested Lambert St. Louis is an “ideal platform” for the new development given its intermodal connectivity with U.S. highways, rail networks and the Mississippi river.