Mexico Group Railway Operations sink as volume low

The Mexico Group Transport Division, which includes Ferromex, Ferrosur, Florida East Coast Railway and Texas Pacifico, reported revenue and benefits from the first quarter of lower quarter as a dive in car and mineral traffic led to a global decline in volume.

During the quarter, GMXT operating income decreased by 18.5%, to $ 225 million, as revenue decreased 12.1%, to $ 778 million, recently reported the company. Net revenue sank from 21%, up to $ 112 million. The operational proportion was 76.4%.

The volume fell by 6.1% when measured by car loads, or 14.2% on the base of tons per kilometer. A decrease of 21% of car traffic and a 20% drop in mineral traffic led to a decrease in volume.

Intermodal volume grew by 4.9%, but as cross -border traffic increased and demand recovered in FEC.

GMXT key operational metrics improved for the quarter, with the train speed, the terminal is reduced and the length of the train and the growing weight.

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