Ferromex
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Ferromex
Ferromex
Ferromex logo.png
Ferromex-map.png
Ferromex system map (own rails in blue, trackage rights in green)
Ferromex 4036.JPG
FXE 4036, an EMD SD70ACe, in Tepic, Nayarit
Overview
HeadquartersMexico City[1]
Reporting markFXE
LocaleMexico
Dates of operation1998–present
PredecessorFerrocarriles Nacionales de México
Technical
Track gauge
Length7,500 miles (12,100 km)
Other
Websiteferromex.com

Ferromex (reporting mark FXE) (syllabic abbreviation of Ferrocarril Mexicano or "Mexican Railway") is a private rail consortium that operates the largest (by mileage) railway in Mexico with combined mileage (Ferromex + Ferrosur) of 7,500 miles (12,100 km) and is part of the North American Class I railroads.

Description

Ferromex began operating on February 19, 1998, following the privatization of most of the government-owned railways by then President of Mexico Ernesto Zedillo Ponce de León. Ferromex operates more than 9,610 kilometers (5,970 mi) of track and interconnects five major inland Mexican cities, five cities along the border with the United States, four seaports on the Pacific Ocean, and one more on the Gulf of Mexico. Currently, Grupo México owns 74% and Union Pacific Corporation owns 26% of the company. The Ferromex system operates 9,610 km of Ferromex tracks plus 2,654 kilometers (1,649 mi) of Ferrosur tracks.

Passenger services

Ferromex hosts the Ferrocarril Chihuahua al Pacífico "ChePe" railroad, a tourist line that runs through the Copper Canyon. Ferromex also operates the Tequila Express, which runs from Guadalajara to a tequila distillery in Amatitán.

Merger with Ferrosur

In November 2005, Grupo México, owner of Ferromex, purchased Infraestructura y Transportes Ferroviarios, the parent company of Ferrosur, another of Mexico's Class I railroads, in a US$309 million stock transaction.[2][3] The Mexican Federal Competition Commission (CFC) had rejected a proposed 2002 merger of Ferromex and Ferrosur amid opposition from Ferromex competitor Grupo Transportación Ferroviaria Mexicana (TFM).[4]

Following the November 2005 purchase of Ferrosur by Grupo México, Kansas City Southern de México (KCSM), successor to TFM, petitioned the Mexican government to block the merger of Ferrosur and Ferromex. The CFC rejected the merger in June 2006 stating that the merger would have led to excessive concentration in the railway industry to the detriment of consumers and competing shippers.[5] However, in March 2011, a tribunal ruled in Grupo México's favor, and the merger was permitted.[6]

Rolling stock

FXE 4050 in Winnipeg, Manitoba on the Canadian Pacific Railway's Emerson Subdivision
A Ferromex autorack, very far from its home line, in a Canadian Pacific Railway train in Bolton, Ontario

In January 2011, Ferromex ordered 44 new SD70ACe locomotives from EMD, its first order since 2006.[7]

See also

References

  1. ^ "Grupo México, About us, Offices". Archived from the original on December 5, 2008. Retrieved .
  2. ^ FWN Select, "Grupo Mexico Buys Ferrosur Railway From Carso" (Nov. 25, 2005)
  3. ^ "Abandonments & Acquisitions". Trains Magazine. Vol. 66 no. 3. March 2006. p. 15. ISSN 0041-0934.
  4. ^ FWN Select, "Mexico's Antitrust Agency To Study Railway Merger" (Nov. 28, 2005)
  5. ^ FWN Select, "Mexico's Antitrust Commission Rejects Rail Merger Appeal" (Nov. 15, 2006)
  6. ^ "Mexican Tribunal OKs Grupo Mexico Railroad merger". Reuters. 2011-03-28.
  7. ^ "Railway Gazette: EMD wins two SD70ACe orders". Retrieved .

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Ferromex
 



 



 
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