The governor of Mexico’s northern state of Sonora acknowledged Nov. 21 that a new rail bypass for Grupo Mexico-owned Ferromex (GMXT) around the border city of Nogales was a Mexican army undertaking that
Report: Mexico’s President to Require Private Freight Companies to Offer Passenger Service (UPDATED, 11/21)
Mexico’s President Andrés Manuel López Obrador announced Nov. 8 that he will “require private rail companies that mostly carry freight to offer passenger service or else have the government schedule its own trains on their tracks,” according to an Associated Press (AP) report.
Mexican railway operator Ferromex on Sept. 19 said it was temporarily suspending 60 trains on south-north routes because of an increasing number of migrants climbing aboard railcars and suffering injuries, according to news reports. On Sept. 20, some trains restarted service. Union Pacific and BNSF issued embargoes at Eagle Pass in Texas.
It turned out to be “much ado about nothing” or a political stunt, as some industry observers opined: On May 19, the government of Mexican President Andrés Manuel López Obrador (AMLO) deployed
Grupo México, S.A.B. de C.V. has completed the acquisition of Florida East Coast Holdings Corp. (FEC) through its Transportation Business Unit Grupo México Transportes, S.A. de C.V. (GMXT).
The Mexicans are coming. The Mexicans are coming—and within verbal-indignities-hurling distance of President Donald J. Trump’s Palm Beach, Fla., Mar-a-Lago “Winter White House.”
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.