||The North American Free Trade Agreement (NAFTA), which went into effect in 1994, has brought significant growth to the Laredo, TX area. Laredo is now the nation's largest inland port and the biggest freight crossing point on the U.S.-Mexico border. It also ranks as the eighth-largest cargo hub in North America. More than $110 billion in freight crosses Laredo's bridges yearly in both directions. According to the president of Laredo's Logistics and Manufacturing Association. "Ninety-nine percent of all Fortune 500 companies come through Laredo in one way or another." Laredo is currently preparing to handle increasing volumes of truck and train freight.