Ferromex dealing for Florida East Coast Railway

Just weeks after acquiring Florida East Coast Industries (FECI), parent of Florida East Coast Railway (FECR), a Japanese hedge fund is close to a deal to sell the regional carrier to Ferromex, Mexico’s largest railroad by mileage, for a reported $2 billion.

Alstom wins Ferromex contract in Mexico

Alstom has been awarded a contract by Ferromex to provide maintenance for 219 freight locomotives for a five year period.

More SD70ACe locomotives for Ferromex

Ferrocarril Méxicano (Ferromex) has taken delivery of the first 10 of 19 Electro-Motive Diesel (EMD, a Progress Rail Services company) SD70ACe locomotives, bringing its fleet to 116 units.

New Mexico Border Authority awards feasibility study to HNTB

The New Mexico Border Authority has selected HNTB Corp. perform a comprehensive study determining the feasibility of a new rail bypass and international rail border crossing near the Santa Teresa, N.Mex., Port of Entry into Mexico. The results of this initial work, if deemed feasible, will guide the state of New Mexico and its associates in developing the new bypass and border crossing.

RailComm provides its DOC system to Ferromex

Ferromex railroad has chosen RailComm to provide yard automation to 80-plus newly-installed switch machines, which will be controlled via the RailComm Domain Operations Controller (DOC) in Torreon City, Mexico.

Ferromex, Ferrosur add to SD70ACe fleet

Ferrocarril Mexicano, S.A. de C.V. (Ferromex) and Ferrocarril del Sureste S.A. de C.V. (Ferrosur), which are owned by Grupo México (Union Pacific has a 26% stake), are acquiring 34 Electro-Motive Diesel (EMD) SD70ACe locomotives.

BNSF, Ferromex set Chicago-Mexico intermodal service

BNSF Railway and Ferromex (FXE) announced a new intermodal service between Chicago and Silao, Guanajuato, Mexico, on Tuesday, May 20, 2014.

Chinese railway interests—in Mexico?

A Mexican legislator who happens to be a member of the nation’s opposition National Action Party (PAN) has said that the Chinese government is interested in participating in the country’s railroad system, should its structure be drastically altered under a bill now being considered in the Senate (upper chamber) of Mexico’s Congress.

Mexico to its rail franchisees: “Yanqui go home”

At the turn of the 20th century, seven-term Mexican President Porfirio Diaz is cited as having complained, “Poor Mexico, so far from God and so close to the United States.”

Mexico’s stalking railway horse impacting KCS

A railway reform bill that has been approved by the lower house of Mexico’s Congress and that would impose a form of open access has had a major impact on Kansas City Southern’s share price, according to analysts. KCS derives close to 50% of its revenue from its Mexican operation, KCSM; the company’s share price has declined about 15% in recent weeks, despite record revenues in 2013 and an improved operating ratio.