Monday, March 08, 2010

KCS acquires key intermodal terminal in Mexico

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Kansas City Southern announced Monday that it has acquired the Puerta Mexico intermodal facility at Toluca in the State of Mexico on KCS’ International Intermodal Corridor.

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“Puerta Mexico is well-positioned, making it a valuable enhancement for our cross-border service offering,” said David L. Starling, KCS president and chief operating officer.

He said that Kansas City Southern de Mexico this month will add direct train service from Lazaro Cardenas to Puerta Mexico, providing Mexico City import and export shippers with a consistent, reliable, and faster service alternative.

“The growth of manufacturing activity and international trade flows in the Mexico City area is increasing the demand for modern, multi-modal terminals in Mexico’s industrial heartland." said KCS Executive Vice President Sales and Marketing Patrick J. Ottensmeyer. "The strategic location and modern facilities at Puerta Mexico will allow KCS to better serve these growing markets.”

He noted that with its connection to the KCS rail network, Puerta Mexico serves the industrial centers of Mexico and the U.S., several important seaports, and the Toluca-Mexico City industrial corridor. The facility provides intermodal rail and truck services and warehouse storage and customs-clearing.

“Since 1996, KCS has invested over $3 billion to expand and improve Mexico’s rail infrastructure. The purchase of Puerta Mexico further demonstrates KCS’ commitment to Mexico and its institutions, the appeal of Mexican markets, and the viability of direct foreign investment in Mexico,” said KCSM President and Executive Representative Jose G.Zozaya. “Puerta Mexico is a key link in KCS’ International Intermodal Corridor, creating a continuous cycle of economic growth for Central Mexico.”