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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Tag: Grupo Mexico
MEXICO CITY, Mexico – The Railway Gazette reported that Grupo México announced that its transportation division – México Transportes (GMXT) – reached an agreement to acquire Florida East Coast Railway (FEC) from Fortress Investment Group. The announcement was made on March 28, 2017. Read the complete article here.