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Freight rail industry to invest USD 693 million in 2020

02/13/2020
Freight rail industry to invest USD 693 million in 2020

Photo: Agencia Reforma (Archivo)

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• INVESTMENTS: Top freight rail companies, including Grupo Mexico and Kansas City Southern, are planning to invest USD 693 million in several projects in Mexico to increase train speed and lower transport times, amid growing traffic volumes.

• PRIORITIES: Among the top priorities for investment is the rail bypass project near Celaya in the central state of Guanajuato along with a similar project in the Monterrey metropolitan area of Northern Mexico. Both projects intend to divert freight trains from city areas.

• TECHNOLOGY: “Without a doubt, security is the most important thing. Also, before investing in capital, you have to invest in processes and technology”, said David Eaton, VP of operations for Kansas City Southern (KSU) Mexican unit.

• NUMBERS: Since 2018, Mexico has seen an increase in rail freight traffic volumes, including larger amounts of fuel shipments, cumulative volume on Mexican railroads in 2020 is already up 12 percent from last year, according to the Association of American Railroads (AAR).

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  • Home
  • Opinion
    • Amy Glover
    • Andrés Martínez
    • Carlos Elizondo
    • Cecilia Farfán
    • David Shields
    • Gerónimo Gutiérrez
    • Guest Column
    • Jorge Suárez Velez
    • Joy Olson
    • Luis Rubio
    • Mia Armstrong
    • U.S. Mexico Foundation
    • Vanda Felbab-Brown
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    • Border Crossings
    • Knowledge Transfers
    • Mexico in Europe
    • Migration Tides
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    • USMCA Insights
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© 2019 Mexico Today.