Weekly pulse · Week of November 9

Weekly Pulse — November 9, 2026

Freight and the dollar both fell this week, Manzanillo customs opens 24 hours on weekdays through year-end and SAT adjusted the MVE rule without moving dates.

Published November 9, 2026, with data closed that same day

Drewry WCI: $4,389
FIX exchange rate: $18.6297
Manzanillo customs: 24/5

In brief

Freight and the dollar both fell
The WCI eased 1% to $4,389/FEU and the FIX closed at 18.6297, the peso's first weekly gain after eight losses.
Banxico cut to 6.25%
The peso held up, but the narrower rate gap leaves it exposed.
Manzanillo 24/5
Customs runs 24 hours Monday to Friday through Dec 31; clear early in the week.
MVE and AVC. The second advance version of the Third RGCE Amendment keeps definitive imports at Jan 15, 2027 and creates the Crossing Notice; still not in the DOF. See the MVE checklist.
No tariff deal
After the US elections, the 50% Section 232 tariff remains and the fourth USMCA round has no date.

Rates and FX

Freight eases and, for the first time in nine weeks, so does the dollar.

Freight kept falling, though more slowly: Drewry's WCI eased 1% to $4,389/FEU on Nov 5. Shanghai–Los Angeles was unchanged at $7,539, and Drewry expects another Transpacific decline because congestion at Chinese ports is clearing and fewer sailings are being cancelled. The peso, by contrast, reversed the trend of recent weeks: Banxico set the FIX at 18.6297 on Nov 6, 0.9% below Oct 30, ending eight losing weeks despite its surprise rate cut to 6.25% on Nov 5. One week does not change the trend, and a narrower rate gap with the United States leaves the peso exposed.

What to do this week

Before locking December rates from Asia, compare the quote with the current spot market. Budget November entries with an FX margin, not with Friday's FIX.

Shall we benchmark your December rate? Let's talk

Ports and customs

Manzanillo runs 24 hours on weekdays; MVE dates hold.

Starting today, Manzanillo customs operates 24 hours Monday to Friday and until 1 p.m. on Saturdays, through Dec 31. Customs itself asks users to spread clearances across all three shifts, because in earlier extended openings cargo bunched up on Thursdays and Fridays. On the rules side, SAT published a second advance version of the Third Amendment to the RGCE on Nov 5: it keeps the MVE schedule (strategic bonded facilities on Nov 15, definitive imports on Jan 15, 2027) and creates the Crossing Notice (AVC), which will replace the DODA in operations ANAM announces on its portal. The amendment is still not in the DOF (checked Nov 9).

What to do this week

Scheduling Manzanillo clearances Monday to Wednesday keeps you out of the end-of-week queue. Ask your customs broker whether your operation falls under the AVC and confirm your MVE date with our MVE checklist.

Want to check your MVE date and Manzanillo clearance? Let's talk

Trade and border

The elections passed; tariffs stay the same.

The US midterm elections are over and there is still no tariff deal. On Nov 4, Marcelo Ebrard said the tariff relationship will not change much with the new Congress, because those powers rest largely with the president. What could move is the USMCA review, although Ebrard said it is too early to say how, and the fourth round still has no date. The 50% Section 232 tariff on steel and aluminum remains in force.

What to do this week

Quote with current tariffs and do not commit to prices that depend on a cut. If you export steel, aluminum or auto parts, have your regional content analysis ready.

Is your tariff code exposed to Section 232? Let's talk

Sources

Every figure in this edition comes from public sources, with data as of November 9, 2026. Freight indexes move week to week: use them as a trend reference, not as a quote.