Grupo Mexico’s quarterly profits rise on intermodal, auto, and ag growth

Freight train with orange and yellow locomotives passes through passenger station

MEXICO CITY — Grupo Mexico’s transportation division — which includes Ferromex, Ferrosur, Florida East Coast Railway, and Texas Pacifico — reported higher third-quarter operating income last week as revenue grew despite flat volume. The transportation division’s operating income grew 9%, to $235 million, as revenue increased 8.9%, to $871 million. The railroads’ combined operating ratio […]

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BLET claims Mexican train crews pose border security risk

Train on bridge approaching small building covering tracks

The Brotherhood of Locomotive Engineers and Trainmen is sounding the alarm bell about the potential for Mexican railroad crews to smuggle people and contraband into the United States. The warning comes as the union opposes Union Pacific’s efforts to use Ferromex crews to deliver northbound interchange trains to its yard in Eagle Pass, Texas, some […]

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COFC Logistics expands container service on BNSF and Ferromex

FORT WORTH, Texas — BNSF Railway and COFC Logistics today announced an expansion of COFC’s service into the Eastern U.S. and Mexico. The move allows COFC Logistics, which has a fleet of more than 8,000 containers, to deliver increased container availability to intermodal marketing companies. COFC sells container space and train capacity to intermodal marketing […]

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Grupo Mexico railroads report higher profits despite volume and revenue declines

MEXICO CITY — Grupo Mexico’s transportation division — which includes Ferromex, Ferrosur, Florida East Coast Railway, and Texas Pacifico — reported higher second quarter operating income last week despite lower volume and revenue. The transportation division’s operating income increased 4.9%, to $255.4 million, as revenue declined 3.3% to $853 million. The railroads’ combined operating ratio […]

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Falcon Premium, joint CN-UP-Ferromex intermodal service, receives Mexican award

MONTREAL — Canadian National Railway has announced Falcon Premium intermodal service it operates with Union Pacific and Grupo Mexico’s Ferromex has received the Silver Container (Contenedor de Plata) award from the Asociación Mexicana de Transporte Intermodal. The organization is Mexico’s leading intermodal transport association, promoting best practices in cross-border logistics. The award recognizes outstanding achievements […]

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Grupo Mexico’s rail operations post quarterly earnings decline as volume drops

MEXICO CITY — Grupo Mexico’s transportation division — which includes Ferromex, Ferrosur, Florida East Coast Railway, and Texas Pacifico — reported sharply lower first-quarter revenue and profits as a plunge in automotive and minerals traffic drove an overall volume decline. For the quarter, GMXT’s operating income declined 18.5%, to $225 million, as revenue declined 12.1%, […]

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Permits for grain trains to Mexico resume

Union Pacific logo without slogan. UP Bailey Yard explosion appear to be accidental.

EAGLE PASS, Texas — Mexican railroad Ferromex will resume issuing permits for unit grain trains entering Mexico through the Eagle Pass and El Paso, Texas, gateways “as a result of the improved ag unit train crossing cadence and pipeline” beginning today (Monday, Oct. 21), Union Pacific has informed customers. On Oct. 12, UP announced that […]

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