- Business
- GMéxico Transportes, S.A.B. de C.V. (GMXT.MX) operates as Mexico's largest railway transportation company, providing logistics and ground transportation solutions through an extensive rail network spanning 10,570 kilometers across 24 states in Mexico and into Texas in the United States; the company offers general hauling and intermodal services by railroad, ancillary terminal management, interterminal hauling, freight and multimodal rail services, intra-terminal services, rental of rail equipment, and passenger transportation. It serves key segments including agriculture, automotive, intermodal, metals and mining, cement, energy, chemicals and fertilizers, industrial products, minerals, steel, and consumer goods, transporting bulk, fluids, palletized cargo, containerized cargo, and automobiles with a fleet of approximately 808 locomotives and over 31,000 rail cars, connecting to eight port terminals and multiple U.S. border crossings. Founded in 2014 as a subsidiary of Grupo México, S.A.B. de C.V. and headquartered in Mexico City at Bosque de Ciruelos No. 99, it comprises primary operating units Ferromex, Ferrosur, and IMEX, with additional operations through entities like South Orient Rail in Texas and Florida East Coast Railway. Recent developments include a heightened 2025 investment plan of $580 million, up 41.3% from the prior $410.3 million projection, to acquire 60 locomotives and 1,600 rail cars, expand yards and terminals, modernize infrastructure, and implement advanced technology and road safety initiatives; the company also strengthened its position via a partnership with Genesee & Wyoming to expand rail car-ferry services between U.S. and Mexican ports, alongside a prior acquisition of a 60% stake in Golfo de Mexico Rail-Ferry Holdings LLC and Rail-Ferry Vessel Holdings LLC to enhance cross-border maritime rail transport. In the second quarter of 2025, GMéxico Transportes reported a 25% increase in net income to 3.498 billion pesos, driven by 24% revenue growth in the automotive segment, 15% higher train speeds, and improved network fluidity for U.S. exports.