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GMXT Unveils 2025 Expansion Plan to Boost Mexican Rail Infrastructure

By Editorial Staff

Nacional

October 31, 2024





Grupo México Transportes (GMXT) has announced a $410.3 million plan for 2025 aimed at driving greater growth.

“GMXT is reinforcing its commitment to Mexico by scheduling new construction projects across its rail network, yards, and terminals, increasing rail equipment, and incorporating cutting-edge technology,” the company stated in a press release.

This plan includes a 15% increase in locomotives, the addition of 1,600 rail cars, improvements to rail yards, and a comprehensive road safety plan.

As Mexico’s largest transportation company and the parent company of Ferromex, Ferrosur, and several U.S. railroads, GMXT will implement this road safety plan in the areas where its trains operate.

By the close of Q3, GMXT reported an 8.7% increase in revenue, reaching 15.126 billion pesos. This growth is attributed to a 2.8% rise in volume transported and a 5.9% adjustment in net price, impacted by the peso’s devaluation.

However, GMXT’s EBITDA margin dropped by 260 basis points due to a 14.4% increase in costs, totaling 6.259 billion pesos.

The intermodal segment saw substantial gains with a 33% rise in revenue and a 31% increase in Net Ton-Kilometers (NTKs), driven by consumer goods and auto parts transport. The agricultural sector grew by 19% in revenue and 9% in NTKs, supported by grain imports.

The chemical and energy sectors also recorded increases, with revenues and NTKs rising by 15% and 1%, respectively, boosted by the transportation of ethanol, chlorine, and fuel oil.

As of 2024, GMXT experienced a 4.4% growth in NTKs and a 9.1% increase in rail cars transported, totaling 498,176 units, a 3.0% increase compared to the same period in 2023.

For Q4 of 2024, GMXT stated it would focus on restoring productivity levels and enhancing process efficiency to boost its service competitiveness beyond pre-migrant crisis levels.

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