GMXT to invest US$410.3 million in Mexico

MEXICO - Grupo México Transportes (GMXT) announced that it will allocate US$410.3 million in 2025 to boost its growth through strategic projects focused on expansion, safety and operating efficiency.

This investment seeks to optimize its performance and improve the quality of its rail service to consolidate its market share in the trucking market.

According to the third quarter 2024 financial report, the funds will be channeled to the construction of new works in its infrastructure network, expansion of yards and terminals, modernization of rail equipment and acquisition of advanced technology.

The company plans to increase its fleet by 15%, add 1,600 rail cars and expand its terminal capacity. GMXT also noted that it will implement a comprehensive road safety plan to improve coexistence in the areas where it operates.

GMXT's recent performance shows signs of sustained growth. During the third quarter of 2024, it transported 498,176 cars, up 3% compared to the same period last year. Growth was led by the intermodal segment, which increased by 30%, followed by the chemical sector with a 5% increase.

In financial terms, the railroad reported revenues of US$761.2 million, an 8.7% increase over the third quarter of 2023, attributable to a 2.8% increase in volume and a 5.9% adjustment in net prices, influenced by the devaluation of the peso against the dollar.