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- ANTI-MONOPOLY AGENCY REJECTS NEW EFFORT BY TWO MAJOR RAILROADS TO MERGE OPERATIONS.
- Two of Mexico's largest railroad companies, Ferrocarril Mexicano FERROMEX and Ferrocarril del Sur FERROSUR, failed in yet another attempt to merge their operations into a single entity. In a ruling announced Nov. 15, the federal anti-monopoly agency (Comision Federal de Competencia, CFC) reaffirmed an earlier...
- Research articles 2006-11-29
- CFC investigates possible Ferrosur-Ferromex `merger`.
- Mexico, Feb 26, 2002 Grupo Mexico has presented the Comision Federal de Competencia CFC with an official request for permission to 'concentrate' the shares of Ferrocarril del Sureste Ferrosur, of Grupo Carso, and Ferromex, now part of Grupo Mexico. Grupo Mexico submitted relevant ...
- Research articles 2002-02-27
Additional Resources
- Antitrust Agency Asked To Resolve Ferromex-TFM Dispute.
- MEXICO CITY, Mar 23, 2001 Mexican rail-transport company Ferrocarril Mexicano Ferromex, a subsidiary of Grupo Mexico GMexico, has asked the country's antitrust agency, the Federal Competition Commission CFC, to intervene in a dispute with sole competitor Transportes Ferroviarios Mexicanos TFM over fees Ferromex...
- Research articles 2001-03-23
- Mexico: Ferromex declines partnership in suburban train.
- Mexico, Nov 19, 2004 (El Financiero/SABI via COMTEX) Grupo Mexico, the controller of the railway Ferromex Ferrocarril Mexicano has pulled out from the project of a suburban passengers train connecting Buenavista to Cuatitlan Izcally, Mexico state, due to legal uncertainties and also lack of...
- Research articles 2004-11-22
- Ferromex to raise workers' salaries 4.5%.
- MEXICO CITY, Sep 01, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The rail firm Ferrocarriles Mexicanos Ferromex, a subsidiary of mining conglomerate Grupo Mexico, reached an agreement with its workers' union to raise salaries and benefits by 4.5%. Negotiations were led by...
- Research articles 2004-09-01
- Ferromex net profits rise 83%.
- MEXICO CITY, Nov 08, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The net profits of rail company Ferromex rose to US$21.3 million between July and September, which was an increase of 83% compared to the US$11.6 million the firm collected in the same...
- Research articles 2004-11-08
- Ferromex announces investments of US$102mn.
- MEXICO CITY, Dec 17, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Ferrocarril Mexicano Ferromex, the rail subsidiary of Grupo Mexico, is set to invest 1.15 billion pesos (US$102 million) next year in the acquisition of high-technology machinery and infrastructure works.Ferromex reported that this...
- Research articles 2004-12-17
- TFM Loses Court Case Ferromex Access Dispute.
- MEXICO CITY, Apr 3, 2001 Mexican rail-transport company Ferrocarril Mexicano Ferromex, a subsidiary of Grupo Mexico, on Monday notched up a victory in a legal battle with its sole competitor, Transportacion Ferroviaria Mexicana TFM, a subsidiary of Transportacion Maritima Mexicana TMM, Mexico City...
- Research articles 2001-04-03
- Ferromex pays off US$200mn loan.
- MEXICO CITY, Mar 26, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Mexican railroad operator Ferrocarril Mexicano Ferromex, subsidiary of Grupo Mexico, recently paid off the US$110 million it owed a syndicate of banks led by JPMorgan Chase Bank and Bank of America.Based...
- Research articles 2004-03-27
- Ferromex to invest 60mn pesos in infrastructure.
- MEXICO CITY, Dec 22, 2004 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Ferrocarril Mexicano Ferromex will invest some 60 million pesos (US$5.4 million) in the construction of elevated bridges and urban infrastructure as part of a general program costing 260 million pesos (US$23.3 million).In...
- Research articles 2004-12-23
- Union Pacific Sued for Drug Smuggling
- The U.S. Department of Justice filed lawsuits against Union Pacific Railroad Co. this week, seeking $37 million in damages from the rail company for not stopping drug smuggling on its trains. Between 2001 and 2006, customs officials on at least 38 occasions found marijuana or cocaine in rail cars at the U.S.-Mexico...
- Blog posts 2009-03-22
- Grupo Mexico to issue debt for US$500 million.
- MEXICO CITY, Aug 20, 2002 Grupo Mexico GM is planning to issue debt for nearly US$500 million through its subsidiary Ferromex in order to purchase Asarco's stock in Southern Peru Copper.Company sources said the firm would try to negotiate a credit for Ferromex with...
- Research articles 2002-08-20
- Moving product to Mexico. (Rail/Intermodal).(Honda uses MexiModal transborder intermodal service)(Brief Article)
- Developed by railroads BNSF in the US and Ferrocarril Mexicano Ferromex in Mexico, MexiModal seeks to offer seamless door-to-door transborder intermodal service for moving automotive parts. Honda has selected the service to move time-sensitive pa Developed by railroads BNSF in the US and Ferrocarril...
- Research articles 2002-09-01
- Grupo Mexico to issue US$500mil.
- Mexico, Aug 20, 2002 Grupo Mexico plans to make an issue of around US$500mil by means of its Ferromex subsidiary, with the goal of achieving the purchase of the share held by Asarco in Southern Peru Copper and thereby improving the financial situation of...
- Research articles 2002-08-21
- Grupo Mexico negotiates loan with J.P. Morgan and Bank of America.
- MEXICO CITY, Mar 12, 2003 (Mexico Analytica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Grupo Mexico is currently involved in talks with J.P. Morgan and Bank of America over a credit line guaranteed with its rail subsidiary Ferromex. MEXICO CITY, Mar 12, 2003 (Mexico Analytica/Corporate...
- Research articles 2003-03-13
- Americas Mining to pay US$765mil for Southern-Peru.
- Peru, Mar 18, 2003 (El Comercio/SABI via COMTEX) In the last two weeks of March JP Morgan Chase and the Bank of America will hand over US$210mil to Ferromex, allowing the company to make up the US$460mil it needs to pay dividends to its shareholders,...
- Research articles 2003-03-18
- TMM opposes Carso-Grupo Mexico rail merger.
- Mexico, Jan 30, 2002 Grupo TMM, owner of the controlling stake in Grupo Transportacion Ferroviaria Mexicana TFM, has come out in opposition to a merger between Ferrosur Ferrosur and Ferrocarril Mexicano Ferromex as announed by Grupo Carso and Grupo Mexico. TMM believes the merger...
- Research articles 2002-02-04
- Grupo Mexico refinances debt.
- Mexico, Jan 17, 2003 (El Economista/SABI via COMTEX) GFM Servicios Administrativos and Ferromex Ferrocarril Mexicano, both subsidiaries of Grupo Mexico conglomerate, have signed an agreement with Barclay's Capital which gives them a loan of US$225mil with a term of one year. The loan...
- Research articles 2003-01-20
- Carso And Grupo Mexico Unite Railroad Businesses.
- MEXICO CITY, Jan 28, 2002 Grupo Carso (BMV:GCARSO) and Grupo Mexico (BMV:GMEXICO) announced a partnership agreement to unite their railroad businesses in one company, Infrastructura y Transportes Mexicano ITM, reported Mexico City daily el Economista. Grupo Carso subsidiaries Frisco and Sinca will transfer ...
- Research articles 2002-01-28
- Railroad Agreement To Lead To Better Service.
- MEXICO CITY, Jan 28, 2002 The agreement between Grupo Carso (BMV:GCARSO) and Grupo Mexico's (BMV:GMEXICO) to unite their railroad businesses under Grupo Mexico's Infrastructura y Transportes Mexico ITM will improve efficiencies and benefit railroad transportation users, said the companies in an announcement. The...
- Research articles 2002-01-28
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