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Police and rescue workers are seen at the scene of the crash in Tuxtla Gutierrez, state of Chiapas, Mexico, on Dec. 9. Photo: Sergio Hernandez/AFP via Getty Images

At least 53 people died Thursday after a tractor-trailer carrying over 100 migrants crashed in southern Mexico, according to Mexican authorities.

Driving the news: The trailer rolled over and ran into a pedestrian bridge in the state of Chiapas near Mexico's border with Guatemala. Most of the victims appear to be from Central America, per AP.

  • The trailer appeared to tip over due to its speed and weight, AP reports. An additional 54 migrants were injured.
  • Celso Pacheco, a Guatemalan migrant who survived the crash, told AP there were roughly eight to 10 young children aboard the trailer.
  • Many of the migrants were from Guatemala and Honduras, said Pacheco. He'd hoped to travel to the U.S. but now expects to be deported.

What they're saying: "I'm deeply saddened by the tragedy caused by the overturning of a trailer in Chiapas carrying Central American migrants," Mexican President Andres Manuel Lopez Obrador tweeted Thursday. "It is very painful. I offer a hug to the families of the victims."

  • "I'm deeply saddened by the tragedy in Chiapas state, and I express my solidarity for the victims’ families, to whom we will offer all the necessary consular assistance, including repatriation," Guatemalan President Alejandro Giammattei tweeted.

Go deeper

DOJ ends settlement talks with migrant families separated under Trump

People demonstrate in Washington, DC, on June 28, 2018 against then-President Trump's immigration policies. Photo: Nicholas Kamm/AFP via Getty Images

The Department of Justice confirmed Thursday that it has ended negotiations for compensation for migrant families separated at the U.S.-Mexico border under the Trump administration's "zero-tolerance" policy.

The big picture: The news comes after the Biden administration faced criticism from Republicans following reports that the DOJ was in talks to pay up to $450,000 per person to settle lawsuits filed on behalf of the families affected.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.