Report: No EIS for GMXT Nogales Bypass
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
Grupo Mexico
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.
Report: Ferromex Temporarily Suspending Service (Updated)
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.
Mexican Navy ‘Occupation’ of GMT Medias Aguas-Coatzacoalcos Line Appears Resolved (Updated June 1)
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 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).
Commentary
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.
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.
Commentary
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.