Ferrosur
The ferrosur (FSRR) is a Mexican railway company. The company is based in Mexico City . The railway company is owned by "Infraestructura y Transportes Mexico" (ITM), a subsidiary of Grupo México .
The company operates a route network of 2,093 km that connects Mexico City with the ports of Veracruz , Campeche and Coatzacoalcos . She has rights of use on the 207 km long route to Salina Cruz . The through traffic on this route accounts for the largest part of the transport volume at 65%. One of the most important customers is the Volkswagen plant in Puebla. The most important goods in transit are grain, cement, industrial products, petrochemical products and glass.
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 the south of the capital Mexico City (Ferrocarril del Sureste), the consortium of Grupo Tribasa (Triturados Basálticos y Derivados), one of the largest Mexican construction companies, the Banco Inbursa of Carlos Slim Helú and Omnitrax for 311 million dollars was awarded the contract a concession for 50 years. The company began operations on June 29, 1998. In September 1999 Tribasa sold its 50% share to the mining company Grupo Carso owned by Carlos Slim Helú. After Omnitrax had already given up its minority stake, Slim now owned 100% of Ferrosur. As a result, the shares were transferred to two subsidiaries of Grupo Carso (Empresas Frisco and Sinca Inbursa).
From 2002, merger negotiations began between Grupo Carso and Grupo México, the main owner of Ferromex , the largest Mexican railway company. However, due to legal regulations and the objection of the antitrust authorities, the implementation of the plan dragged on. It was not until November 25, 2005 that Ferrosur was taken over by Grupo México. This was done in the form of a share swap. Slim received a 25.1% share in Infraestructura y Transportes Mexico for the sale of his shares in Ferrosur.
After receiving the concession, Ferrosur began to improve the route network and the vehicle fleet through investments in order to win back lost customers through better service. In the meantime, 38 locomotives of the GE AC4400CW series have been acquired, so that 25% of the vehicle fleet is now no more than six years old. On the routes to Veracruz and Coatzacoalcos, the passing points have been lengthened, security detectors have been installed and use for double-decker container trains has been made possible.
