A Mexican government report alleging a lack of competition among the country’s top three rail operators may be the first test of a new railroad regulatory agency created last year.
Ferromex
Ferromex is the largest railroad in Mexico, with 597 locomotives, more than 14,000 railcars, and over 5,000 miles of track. The company provides general railroad freight and intermodal services, and other auxiliary services that include passenger transport, intra-terminal pulling, and automotive terminal services, among others. The railroad connects five points on the border with the U.S., four seaports on the Pacific Ocean, and two more on the Gulf of Mexico.
The Mexico City, Mexico-based railroad began operation in 1998 following the privatization of most government-owned railroads in Mexico. Grupo Mexico owns 74 percent and Union Pacific Corporation owns 26 percent of the company.
Webcasts
03 Oct 2016
Mexican shippers and railroads are closely watching to see if a new regulatory agency will lower rates and how it will weigh in on disagreements between carriers and customers, as intermodal volume growth sputters.
29 Jul 2016
A teacher union blockade of freight rails in Mexico that trapped 4,000 thousands of containers in the key port of Lazaro Cardenas, and also some in Manzanillo, preventing them from moving in and out of the port, is over.
