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 […]

Read More…

TRAC Intermodal to provide domestic chassis for Florida East Coast Railway

Red-and-yellow locomotives with fuel tender cross street

PRINCETON, N.J. — TRAC Intermodal has reached an agreement with Florida East Coast Railway that allows TRAC Intermodal to stage 53-foot domestic chassis directly at the Sunshine State railway’s terminals. This partnership will support FEC-controlled business and introduces a standardized domestic chassis fleet. The companies said, in an announcement on Monday, that their collaboration reflects […]

Read More…