Mexico railway news – Page 2
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NewsKCS put into trust as CP completes share purchase agreement
NORTH AMERICA: Canadian Pacific Railway formally completed its US$31bn acquisition of Kansas City Southern on December 14, in preparation for the planned merger of the two railways, and has put the smaller company into a trust pending regulatory approval of the merger application. Closing of the purchase ...
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NewsShareholders back CP-KCS merger
NORTH AMERICA: Canadian Pacific and Kansas City Southern shareholders have voted overwhelmingly in favour of the proposed merger between the two railways, allowing the transaction to move ahead.
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Metro Report InternationalMexico City metro track renewals contract
MEXICO: Comsa has been awarded an €80m contract to undertake track and electrical system renewals on Mexico City metro Line 1. Work is scheduled to start in Q2 2022, with the contract including materials supply and construction works covering a total of 39 track-km including loops ...
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NewsMexican approval for Canadian Pacific and Kansas City Southern merger
MEXICO: Competition commission COFECE and telecoms institute IFT have granted regulatory approval for Canadian Pacific Railway’s proposed acquisition of Kansas City Southern. ‘This important milestone marks the next step on our path to creating the first single-line rail network linking the US, Mexico and Canada’, said ...
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NewsCP and KCS file merger application with STB
NORTH AMERICA: Canadian Pacific and Kansas City Southern have formally filed a merger application with the US Surface Transportation Board, setting out their aim of establishing a single network linking the USA, Mexico and Canada before the end of 2022.
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NewsGulf of Mexico train ferry enters service
NORTH AMERICA: The CG Railway joint venture of Genesee & Wyoming and SEACOR Holdings has taken delivery of two train ferries from China’s CSSC Huangpu Wenchong Shipbuilding Co. Cherokee entered service between the USA and Mexico in September, and Mayan is scheduled to replace the current ...
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NewsKCS cements CP merger as CN agrees early termination
NORTH AMERICA: Canadian Pacific Railway and Kansas City Southern confirmed on September 15 that they had entered into a definitive merger agreement, valuing the smaller railroad at approximately US$31bn.
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NewsCanadian Pacific closes in on KCS merger
NORTH AMERICA: Canadian Pacific announced on September 12 that it ‘looks forward to executing a definitive merger agreement’ with Kansas City Southern, after the smaller railroad’s board deemed that CP’s latest bid now amounted to a ‘Company Superior Proposal’ compared to a previous offer from Canadian National.
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NewsCanadian National bid for Kansas City Southern in doubt after STB blocks voting trust
USA: Canadian National’s US$33·6bn bid to acquire Kansas City Southern received a major setback on August 31, when the federal Surface Transportation Board rejected an application to use a voting trust as part of the process. Announcing the unanimous decision of the five-strong board, STB said ...
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NewsCP raises its offer for Kansas City Southern
NORTH AMERICA: Canadian Pacific announced on August 10 that it had submitted a ‘superior proposal’ to acquire Kansas City Southern, valuing the smaller railway at approximately US$31bn.
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NewsContract for jaguar inspired Tren Maya fleet signed
MEXICO: The 36·6bn pesos contract to supply 42 diesel and electro-diesel trainsets for the Tren Maya project was signed in the presence of President Andrés Manuel López Obrador on June 9. National tourism promotion fund Fonatur announced on May 26 that it had chosen a consortium ...
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NewsTren Maya rolling stock supplier selected
MEXICO: National tourism promotion fund Fonatur has selected a consortium led by Alstom’s Bombardier Transportation México subsidiary as preferred bidder for a contract to supply rolling stock, communications systems and depots for the Tren Maya project, The contract announced on May 26 covers the supply and ...
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NewsKansas City Southern agrees CN merger and drops CP
NORTH AMERICA: Kansas City Southern and Canadian National announced a definitive merger agreement on May 21 which CN President & CEO JJ Ruest said would ‘create the premier railway for the 21st century.’ KCS and Canadian Pacific had announced a merger agreement ...
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NewsBidders vie for Tren Maya rolling stock contract
MEXICO: National Tourism Fund Fonatur has confirmed that two groups have submitted tenders to supply up to 42 diesel, electro-diesel and electric trainsets for the Tren Maya project, with a winning bidder due to be announced on May 26. The contract covers maintenance of the fleet ...
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NewsKCS agrees to evaluate CN’s unsolicited offer
NORTH AMERICA: Kansas City Southern has agreed to hold discussions with Canadian National over its unsolicited acquisition proposal, the railway announced on April 24.
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NewsCanadian Pacific and Kansas City Southern agree to merge
NORTH AMERICA: The two smallest Class I railroads, Canadian Pacific Railway and Kansas City Southern, have agreed to merge, creating what they say will be ‘the first US-Mexico-Canada rail network’.
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NewsGulf of Mexico train ferry fleet renewal
NORTH AMERICA: The first of two train ferries ordered for CG Railway’s route across the Gulf of Mexico has been launched by CSSC Huangpu Wenchong Shipbuilding Co in China. The CGR joint venture of Genesee & Wyoming and SEACOR Holdings transports 10 000 wagons/year between Mobile ...
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Metro Report InternationalMonterrey Metro Line 3 opened
MEXICO: The 7·5 km light metro Line 3 in Monterrey has opened, connecting the end of Line 2 at General I Zaragoza with Hospital Metropolitano. The line has an 800 m underground section between General I Zaragoza and Santa Lucía, with the rest being elevated. Constuction ...
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Metro Report InternationalMonterrey metro train unveiled
MEXICO: Chinese manufacturer CRRC Zhuzhou has unveiled the first of 26 two-car articulated light metro trainsets ordered by Monterey operator Metrorrey. The trainsets are intended for use on the existing lines 1 and 2 as well as Line 3 which is under construction for opening in ...
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NewsBombardier Transportation to sell Mexican wiring activities
MEXICO: Bombardier Transportation has signed an agreement to sell the electrical wiring interconnection systems activities at its Huehuetoca site to the Motherson Rolling Stocks subsidiary of Motherson Sumi Systems. ‘This divestiture is in alignment with our global transformation strategy of reducing the activities to our core and ...
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