Ferromex in negotiations to acquire FEC

[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

[Saturnalia]

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.

[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

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.

[NSSD70ACe]

FEC has been purchased by Grupo México

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

[hoborich]

Ummm, Pres Trump isn't going to like this one bit.