Ferrocarril Méxicano
| Ferrocarril Mexicano, SA de CV | |
|---|---|
| legal form | SA de CV |
| founding | 1998 |
| Seat |
Mexico City , Mexico
|
| management | Germán Larrea Mota Velasco |
| Number of employees | 7804 |
| sales | 24 billion pesos (0.9 billion euros ) |
| Branch | Railway company |
| Website | www.ferromex.com.mx |
| As of December 31, 2015 | |
Ferrocarril Mexicano , or Ferromex (FXE) for short , is a Mexican railway company. The company is based in Mexico City . The railway company is owned by the "Grupo Ferroviario Mexicano" (GFM), a joint venture between Union Pacific Railroad and Infraestructura y Transportes Mexico (ITM), a subsidiary of Grupo México and the Mexican entrepreneur Carlos Slim .
The company operates a route network of 8,650 km, 7,930 km of which it owns. The fleet includes around 500 locomotives and 10,000 freight cars. Connections to the rail network of the United States exist in Mexicali and Nogales to the Union Pacific Railroad, in Ciudad Juárez and Piedras Negras (Eagle Pass) to the Union Pacific and to the BNSF Railway , in Presidio to the Texas-Pacífico Transportation , which also belongs to Grupo México.
The main competitor is Kansas City Southern de México .
Transport performance
In 2015 the transport performance was 45.9 million ton kilometers .
history
In 1995 the Mexican government decided to privatize the state-owned railway company Ferrocarriles Nacionales de México . The entire network and operations were not privatized as one company, but long-term operating licenses for traffic on certain route networks were tendered. For the route network in western and central Mexico ( Ferrocarril Chihuahua al Pacífico and Ferrocarril Pacífíco Norte), the consortium of Union Pacific Railroad (13%), the construction company Constructoras ICA (13%) and the Mexican mining company Grupo México (74%) received 3,940.9 million dollars, making it the largest Mexican railroad company. The company started operations on February 19, 1998. In 1999 UP increased its stake to 26% by taking over the ICA stake. Since the start of operations, there has been constant investment, especially in new locomotives and the route network. Since 1999, 70 locomotives of the latest EMD SD70ACE and GE AC4400CW series have been acquired. Merger talks with Ferrosur have been going on since 2002. Due to the lack of approval from the antitrust authorities, the merger has not yet been implemented, although Ferrosur has been 100% owned by Grupo México's subsidiary Infraestructura y Transportes Mexico since 2005.
