MEXICO CITY, Mexico (July 7, 2017) – Grupo México Transportes (GMXT), the leading rail freight transportation company in Mexico, successfully completed the acquisition of Florida East Coast Railway (FEC). With a clear growth strategy, the Class 1 railroad company commences operations in the Florida peninsula, consolidating its presence in North America and complementing its operations in Texas with its Texas Pacific line.
The Transportation Division of Grupo México has been characterized by an aggressive investment strategy in Mexico that has kept it at the forefront of operations and service, increasing its carrying capacity and efficiency. The synergy that will be generated by shared operations between the US and Mexican railroads will promote exchange and the implementation of best practice, to the benefit of clients.
GMXT is the leading company in its sector, with the best level of connectivity in Mexico. It has a presence in 24 states, with over 6,300 miles of track, 5 border crossings, 8 deepwater ports in Mexico and now, exclusive access to three major ports in south-eastern Florida. In addition it connects with 14 intermodal terminals and operates two tourist trains (Chihuahua-Pacific and Tequila Express).
With this new project, GMXT will help connect North America to the rest of the world thanks to its quality transportation services.