GMéxico Transportes (GMXT): investments
GMéxico Transportes (GMXT), a transportation division of Mexican conglomerate Grupo México, plans to invest US$447.8 million in 2023.
Of that total, the company intends to allocate US$245.7 million for new track and sleepers, locomotive reconditioning, track maintenance, tools and equipment.
Another $18.1 million will be used for yard construction and reconfiguration, construction and extension of sidings, and reconfiguration of locomotives.
An additional $133.4 million is for commercial projects, intermodal terminals and refining terminals.
Finally, US$50.6 million was programmed for special projects, such as the rehabilitation of the “El Mexicano” tunnel, the Celaya Beltway and the Monterrey Beltway.
GMXT has a plan to make capital investments in its network of approximately US$1.9 billion over the next five years.
This amount will enable the company to increase its operating efficiency by expanding its capacity with new yards, terminals, branch lines, double lanes and beltways (Celaya and Monterrey).
GMXT also plans to strengthen digital communication and centralized rail traffic control systems throughout the network.
The company’s recent investments to capture business opportunities include, in Florida, the construction of rail terminals at the ports of Miami and Everglades to create more efficient port-to-rail logistics and increase capacity in the face of the expansion of the Panama Canal.
In Texas, the company has made significant investments in track replacement, bridge rehabilitation, and the reconstruction of the Ojinaga-Presidio International Bridge.
These investments seek to consolidate its position as a strategic logistics operator in border traffic and as a key player in the oil and gas industry in East Texas.
GMXT’s main subsidiaries are:
– Ferrocarril Mexicano, S. A. de C. V. (Ferromex).
– Ferrosur, S. A. de C. V. (Ferrosur)
– Florida East Coast (FEC)
– Texas Pacifico Transportation, LTD. (TXP)
– Intermodal Mexico, S. A. de C. V. (IMEX)
GMexico Transportes is the leading ground transportation company in Mexico with the widest coverage and connectivity.
GMXT has a network of 11,137 kilometers of railroads in 24 Mexican states, the state of Texas and Florida in the United States. The company has one of the eight Class 1 railroads in North America that connects with five border crossings with the United States, as well as nine ports in the Pacific Ocean and four more in the Gulf of Mexico
Its network is backed by a force of more than 10,670 employees, 808 locomotives, and more than 28,478 rail cars.