Outsourced Logistics Com Images Archive 7f53ec93 F267 4a1e 826e A69a0531a627 Tex01 00
Outsourced Logistics Com Images Archive 7f53ec93 F267 4a1e 826e A69a0531a627 Tex01 00
Outsourced Logistics Com Images Archive 7f53ec93 F267 4a1e 826e A69a0531a627 Tex01 00
Outsourced Logistics Com Images Archive 7f53ec93 F267 4a1e 826e A69a0531a627 Tex01 00
Outsourced Logistics Com Images Archive 7f53ec93 F267 4a1e 826e A69a0531a627 Tex01 00

Tex-Mex goes to Kansas City Southern

Nov. 7, 2004
Mexican Maritime Transportation (TMM), Mexico's largest intermodal carrier, will sell 51% of its shares in Mex-Rail, which manages the Tex-Mex lines in
Mexican Maritime Transportation (TMM), Mexico's largest intermodal carrier, will sell 51% of its shares in Mex-Rail, which manages the Tex-Mex lines in southeastern Texas, for $32.7 million to Kansas City Southern Industries (KSCI.) The track covers 521 kilometers from Laredo, Houston and Beaumont. Mex-Rail also connects with TMM's Mexican rail line, TFM, at Laredo, as well as with Union Pacific and BNSF railroads at Corpus Christi. The sale is subject to approval by the U. S. Surface Transportation Board.

In a related issue, Mexico's Foreign Investment Commission has turned down a joint request by TMM to sell shares to KCSI and have it become the majority rail line shareholder in TFM. Both companies will appeal the decision. The government says it will keep its 20% of the railroad, which services northeastern Mexico and has exclusive rights over the nation's main line, which runs from Mexico City to Laredo.

Latest from Transportation & Distribution

96378710 © Nattapong Boonchuenchom | Dreamstime.com
#53673151@Petar Dojkic|Dreamstime
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors
Trucking Industry Objects to DOL Rule on Contractors