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Mexico's GMXT to acquire Jacksonville's Florida East Coast Railway
JACKSONVILLE's Florida East Coast Railway (FEC) will be acquired by GMexico Transporte (GMXT), with its five US rail connections in the US, after the recent conclusion of a wholly cash transaction, Jacksonville-based American Shipper reports.
FEC is owned by funds managed by affiliates of Fortress Investment Group LLC. FEC has 351 miles of owned track between Miami and Jacksonville, where it interchanges with the Norfolk Southern and CSX railways.
GMXT operates over 6,200 miles of track covering major industrial and commercial zones in Mexico. The company also connects to five railpoints in the US, principally in Texas.
FEC is owned by funds managed by affiliates of Fortress Investment Group LLC. FEC has 351 miles of owned track between Miami and Jacksonville, where it interchanges with the Norfolk Southern and CSX railways.
GMXT operates over 6,200 miles of track covering major industrial and commercial zones in Mexico. The company also connects to five railpoints in the US, principally in Texas.
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