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