Page 1 of 1

Ferromex in negotiations to acquire FEC

Unread postPosted: Mon Mar 27, 2017 6:38 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

Unread postPosted: Mon Mar 27, 2017 6:56 pm
by Saturnalia
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.

Re: Ferromex in negotiations to acquire FEC

Unread postPosted: Mon Mar 27, 2017 7:04 pm
by atrainguy60
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.

Re: Ferromex in negotiations to acquire FEC

Unread postPosted: Tue Mar 28, 2017 12:01 pm
by NSSD70ACe
FEC has been purchased by Grupo México

http://trn.trains.com/news/news-wire/20 ... cquire-fec

Re: Ferromex in negotiations to acquire FEC

Unread postPosted: Tue Mar 28, 2017 5:00 pm
by hoborich
Ummm, Pres Trump isn't going to like this one bit. :lol: