Grupo Mexico acquires Florida East Coast Railway
On July 7, Grupo Mexico S.A.B. de C.V. announced that its Grupo Mexico Transportes S.A. de C.V. unit (GMXT) completed its procurement of Florida East Coast Holdings Corp., parent company of Florida East Coast Railway (FECR).
The acquisition had approvals from the Committee on Foreign Investment, Surface Transportation Board and the Federal Communications Commission.
SMART TD represents approximately 200 conductors, engineers, trainmen and yardmasters employed by FECR. The railway operates 351 miles of track between Jacksonville, Fla., and Miami.
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