GMXT Invests MX$7.2 Billion to Boost Rail Fleet, Trade Corridors

Grupo México Transportes (GMXT) will invest MX$7.2 billion (US$383.5 million) to expand its locomotive fleet by adding 120 new units, as part of its 2025 investment strategy.

Several media outlets report that of these, 60 locomotives had already been acquired in previous years, while the remaining 60 are being purchased this year. The plan is part of GMXT’s US$580 million investment budget for 2025, which also covers railway equipment and new infrastructure works across the company’s network, yards, and terminals, which was reported on its 2Q25 results report. 

The new locomotives will be deployed across major Mexican ports, including Guaymas, Topolobampo, Mazatlan, Manzanillo, Altamira, Veracruz, and Coatzacoalcos. According to the company, 90 units are already in operation, while the remaining 30 are expected to arrive by the end of the year.

GMXT highlights that the locomotives will support new projects tied to the growth of key industries such as agriculture, automotive, cement, energy, intermodal logistics, minerals, and metals. The company says that this expansion aims to increase rail’s share in Mexico’s freight transport market and reinforce trade corridors spanning 24 states, with connections to the United States through six border crossings.

One of the most notable corridors includes the Ferrobuque service, which links Coatzacoalcos, Veracruz, with Mobile, Alabama, providing a strategic rail-maritime connection between Mexico and the United States.

“We maintain our commitment to provide a strategic service for the country and the region, supporting users who drive projects that strengthen food and energy security, while consolidating Mexico’s leadership in consumer goods, automotive, and auto parts,” says the company.

EXIM Loan Application

In parallel with its investment plans, GMXT also moved to secure international financing. On Aug. 18, 2025, the company filed an Application for Final Commitment with the Export-Import Bank of the United States (EXIM) for a long-term loan or financial guarantee exceeding US$100 million. The funds will be used to support the export of US-manufactured locomotives to Mexico, supplied by Wabtec Corporation. The locomotives will be used to expand freight rail services within Mexico and in cross-border operations.

EXIM says that, to the best of its knowledge, the transaction is not expected to compete with US exports or services. Public comments on the application must be received by Sept. 12, 2025 to be assured of consideration before EXIM’s Board of Directors issues a final decision. 

Financial Performance

GMXT also reports solid financial results. In the 2Q25, GMXT’s revenues rose 10% year-on-year, reaching MX$16.67 billion (US$888 million), supported by operational efficiencies, commercial strategies, growth in specific segments, and favorable exchange rate effects.

According to its quarterly report to the stock exchange, the results were also driven by a shift in cargo mix and lower costs in diesel, labor, equipment leasing, and car hire.