Road and Rail
Company Overview of Ferrocarril Mexicano, S.a. De C.v.
Ferrocarril Mexicano, S.a. De C.v. provides railway services primarily in Mexico. It transports agricultural products, automotive products, cement, fuels and energy generating products, metals and minerals, industrial products, chemicals, and fertilizers, as well as intermodal freight containers and semi trailers. The company is based in Mexico City, Mexico.
Bosque de Ciruelos No. 99
Bosque dela Lomas
Mexico City, DF 11700
Key Executives for Ferrocarril Mexicano, S.a. De C.v.
Chief Executive Officer and Director
Compensation as of Fiscal Year 2014.
Ferrocarril Mexicano, S.a. De C.v. Key Developments
Ferromex to Invest USD 80 Million in New Car Transportation Wagons
Apr 9 15
Ferromex will buy a fleet of 875 car transportation wagons for USD 80 million in a move to meet growing demand from the automotive industry. The new units will be used to transport small, medium-size and big motor vehicles to markets in North America and the rest of the world.
BNSF Railway Company and Ferrocarril Mexicano, S.a. De C.v. to Launch Service Between Chicago and Silao, Mexico
May 21 14
BNSF Railway Company and Ferrocarril Mexicano, S.a. De C.v. announced their new intermodal service between Chicago and Silao, Guanajuato, Mexico. BNSF and FXE hosted customers, Intermodal carriers and elected officials during an opening event to showcase the new service at the expanded FXE Silao Intermodal Facility inside the Inland Port of Guanajuato in Silao, Guanajuato. This new intermodal service provides customers with a reliable and a fast transportation option to move goods across the border. The new service is scheduled to start May 27, 2014. Trains carrying intermodal containers will interchange at El Paso, Texas to and from FXE, Mexico's large railroad, which will operate the trains between the border crossing and Silao five days a week. Intermodal shipping is the transport of shipping containers using multiple modes of transportation - in this case, truck and rail. This new intermodal service will provide customers with opportunities for growth in the expanding Mexico market. The service is better at the border when compared to trucking because there is no cross-border trucking across congested highway bridges. Southbound shipments are moved in-bond (which means shipment documentation is handled at the final destination) to minimize Mexico Customs clearance delays. Once the shipments arrive in Silao customers can clear their cargo with the customs broker of their choice through Mexico Customs. Northbound shipments are pre-cleared by a customs broker of the customer's choice with U.S. Customs. SF and FXE have made significant investments and improvements to ensure the reliability and operating success of their rail networks.
Ternium Signs Steel Freight Deal with Ferromex
Feb 27 14
Ternium signed a freight agreement with Mexican rail company Ferromex. Ferromex will assign 1,300 high capacity rail carriages to Ternium at a cost of MXN 1.6 billion (USD 120.3 million), and will invest an additional MXN 300 million in improving rail infrastructure at the company's plants. The volume carried under the deal will be greater than 30Mt, but it did not specify the duration of the agreement.
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