KCS meets with Mexico’s top infra official to tout benefits of rail corridor
Railroad operator Kansas City Southern (KCS) is promoting in Mexico the benefits its three-nation freight corridor will bring once the merger with Canadian Pacific (CP) is approved by US authorities.
On Tuesday, Kansas City Southern Mexico (KCSM) president, Oscar del Cueto, announced on Twitter that he held a meeting with the head of the infrastructure, communications and transportation ministry (SICT), Jorge Nuño Lara, to promote the marriage. Also present were KCS CEO Pat Ottesmeyer and operations executive VP John Orr (all pictured).
Neither KCSM nor SICT gave further details, but this is the first time the representatives of the company met with Nuño Lara, who was appointed minister in September.
BNamericas contacted both the ministry and the operator but did not receive a response.
KCS’s US$25bn merger with CP was all but completed at the end of 2021. However, US regulator the Surface Transportation Board (STP) has still not approved the deal.
The acquisition would not only create the first US-Mexico-Canada rail network but it could also translate into bigger investment opportunities for Mexico, KCSM infrastructure director José Manuel Fragoso, told an event in October.
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