Ferromex in negotiations to acquire FEC

Any other state or country's railfanning talk or news.

Ferromex in negotiations to acquire FEC

Unread postby atrainguy60 » Mon Mar 27, 2017 6:38 pm

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
atrainguy60
Saginaw Sub Foamer
 
Posts: 3588
Joined: Sun Oct 30, 2011 12:54 pm

Re: Ferromex in negotiations to acquire FEC

Unread postby Saturnalia » Mon Mar 27, 2017 6:56 pm

atrainguy60 wrote: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

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.
Thornapple River Rail Series - YouTube
Snowfall Total: 27.5" - Winter Storm Warnings: 2
User avatar
Saturnalia
Authority on Cat
 
Posts: 13249
Joined: Wed Sep 28, 2011 6:54 pm
Location: Michigan's Copper Country

Re: Ferromex in negotiations to acquire FEC

Unread postby atrainguy60 » Mon Mar 27, 2017 7:04 pm

Saturnalia wrote:
atrainguy60 wrote: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

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.
atrainguy60
Saginaw Sub Foamer
 
Posts: 3588
Joined: Sun Oct 30, 2011 12:54 pm

Re: Ferromex in negotiations to acquire FEC

Unread postby NSSD70ACe » Tue Mar 28, 2017 12:01 pm

FEC has been purchased by Grupo México

http://trn.trains.com/news/news-wire/20 ... cquire-fec
"She said she liked bad boys, so I took a scanner to Indiana" -Bryson S.
NSSD70ACe
The Conrail Guru
 
Posts: 769
Joined: Mon Mar 25, 2013 12:34 pm
Location: Kalamazoo, MI

Re: Ferromex in negotiations to acquire FEC

Unread postby hoborich » Tue Mar 28, 2017 5:00 pm

Ummm, Pres Trump isn't going to like this one bit. :lol:
"Ask your doctor if medical advice from a TV commercial is right for you".
hoborich
Railroadfan...fan
 
Posts: 2693
Joined: Thu Nov 13, 2008 1:05 am
Location: Northern Michigan


Return to Other States Talk

Who is online

Users browsing this forum: No registered users and 3 guests

x