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Mexico's railroads reap benefits of auto boom

Thursday, July 4, 2013

Railroads are reaping the benefits from Mexico’s emergence as an automobile exporter as they haul cars from deep in the country’s interior to the U.S. border and beyond.

Ferrocarril Mexicano, Mexico’s largest carrier, projects that annual auto revenue will rise at least 10 percent in each of the next three years.

Sixteen years after privatization of the national railroad, record numbers of vehicles are moving by train to the U.S., the destination for 64 percent of Mexican auto exports in 2012.

Source: Bloomberg