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Ferromex in negotiations to acquire FEC
Posted: Mon Mar 27, 2017 7:38 pm
by atrainguy60
The Florida East Coast railroad may be acquired by Ferromex, who is currently nearing a deal with Fortress.
http://www.cnbc.com/2017/03/27/reuters- ... urces.html
Re: Ferromex in negotiations to acquire FEC
Posted: Mon Mar 27, 2017 7:56 pm
by Saturnalia
Sounds like there were multiple bidders. I for one am shocked that NS didn't pick that up: it'd be HUGE for them to add Miami to their list of served locations, to compete with CSX.
Re: Ferromex in negotiations to acquire FEC
Posted: Mon Mar 27, 2017 8:04 pm
by atrainguy60
Saturnalia wrote:
Sounds like there were multiple bidders. I for one am shocked that NS didn't pick that up: it'd be HUGE for them to add Miami to their list of served locations, to compete with CSX.
Same here, I had assumed that if a Class I was to get them, it would have been NS, not a Mexican railroad who doesn't come anywhere near the FEC, lol.
Re: Ferromex in negotiations to acquire FEC
Posted: Tue Mar 28, 2017 1:01 pm
by NSSD70ACe
Re: Ferromex in negotiations to acquire FEC
Posted: Tue Mar 28, 2017 6:00 pm
by hoborich
Ummm, Pres Trump isn't going to like this one bit.