Ferromex in negotiations to acquire FEC

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atrainguy60
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Ferromex in negotiations to acquire FEC

Unread post 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

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Saturnalia
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Re: Ferromex in negotiations to acquire FEC

Unread post 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.
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atrainguy60
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Re: Ferromex in negotiations to acquire FEC

Unread post 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.

NSSD70ACe
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Re: Ferromex in negotiations to acquire FEC

Unread post by NSSD70ACe »

FEC has been purchased by Grupo México

http://trn.trains.com/news/news-wire/20 ... cquire-fec
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hoborich
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Re: Ferromex in negotiations to acquire FEC

Unread post by hoborich »

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