Mexico

Grupo Mexico buys 60% of two corporations in U. S. -Mexico trade

A Grupo Mexico Transportes unit has acquired 60% stakes in two firms providing maritime transportation services of railroad cars between the United States and Mexico, the company said on Tuesday. The stakes are in Golfo de Mexico Rail Ferry Holdings and Rail Ferry Vessel Holdings, Grupo Mexico Transportes said in a filing. “The acquisition allows GMXT (Grupo Mexico Transportes) to continue consolidating its position as a leading freight transportation company in the region, strengthening its commitment to Mexico and the south of the United States,” the filing said.

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Crisis at U. S. -Mexico Border Intensifies as Migrant Caravan Approaches

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