Grupo Mexico

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Grupo México completes FEC acquisition

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).

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A simple case of “confusion to the enemy”

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.”

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.

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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’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.