Enhancing Railways, Sustainable Transport: The Weekly Roundup

This week, Grupo México Transportes (GMXT) announced a new intermodal service to be provided alongside  BNSF Railway (BNSF) and J.B. Hunt Transport Services. The new service aims to enhance cross-border transportation and address the challenges caused by the increase in demand due to nearshoring. 

In other news, ENGIE México unveiled an investment of US$6.8 million in Puebla to support clean energies and natural gas distribution.

Ready? This is the Week in Infrastructure!

New Intermodal Service Between Mexico, United States Unveiled

To address the increase in demand for cross-border services caused by nearshoring, BNSF, GMXT, and J.B. Hunt Transport Services announced a new intermodal service that will connect Nuevo Leon, the Silao-Bajio, and the Pantaco-Mexico City regions to Eagle Pass, Texas. The new service will turn this gateway into a more sustainable and efficient cross-border transport option.

Grupo México Open to Public-Private Collaboration in Rail Project

President Andrés Manuel López Obrador announced a decree to turn freight rail tracks in the country into passenger tracks. Thus, GMXT said it is open to collaborate with the government to enhance the transition.

FIBRA NEXT Could Launch IPO in Late November

FIBRA NEXT, the industrial-focused spin-off of FIBRA UNO, is set to go public on the Mexican Stock Exchange (BMV) in late November 2023, following unanimous approval to create a dedicated industrial FIBRA. With a portfolio comprising 54.5% industrial properties, FIBRA NEXT aims to be one of the region's largest FIBRAs. 

ENGIE Mexico Invests US$6.8 Million In Clean Energy in Puebla

To continue promoting clean energies in Puebla, French natural gas expert ENGIE confirmed it will invest US$6.8 million in the state. The investment  is set to benefit the natural gas network, while strengthening Mexico-France bilateral relations. 

López Obrador Calls for the Swift Completion of Otay Mesa II

During the morning press conference, López Obrador urged US authorities to finish their side of the Otay Mesa II project, which aims to enhance passenger and cargo transportation in the San Diego-Baja California region. The government of Baja California reports that the segment in Mexico will be finished before López Obrador’s term ends. 

Are you ready to set yourself up for success in 2024? Join us at Mexico Business Summit 2023, the must-attend B2B conference for Mexico’s business leaders!

Taking place on Nov. 28-30, 2023, at Expo Santa Fe in Mexico City, this high-level multi-industry conference offers unmatched opportunities to get inside perspectives on key industry trends, access actionable business intelligence, generate pre-qualified leads and identify new opportunities in a unique cross-industry networking environment.

Mexico Business News offers you an exclusive MX$2,000 ticket discount by using this code: MBS2023MBN2000.

Don't miss this opportunity and get your tickets here: https://mexicobusiness.events/MBS/2023