Mexican steel rail freight revenue grows 7.4 percent in Q2

Thursday, 27 July 2023 00:40:38 (GMT+3)   |   San Diego
       

The railway company Grupo México Transportes (GMXT) reported that its steel transportation sales totaled MXN 880 million ($51.4 million) in the second quarter of the year, 7.4 percent more than in the same period of 2022, the company informed the stock market.

GMXT, made up of the Ferromex, Ferrosur and TexasPacifico railways, reported that it mobilized 24,929 full railcars to transport steel, 1.2 percent less than those used from April to June last year.

This volume of rail cars meant that it used a daily average of 274 wagons, three units less than the 277 rail cars used in the second quarter of last year.

According to data from the government Rail Transport Regulatory Agency, a loaded railcar transports 64.3 metric tons (mt). Thus, in the second quarter, GMXT mobilized an average of 17,615 mt per day in national or international trade cargo. In the quarter, it mobilized more than 1.60 million mt.

According to GMXT, among its main clients in the steel sector are Ternium, DeAcero, Talleres y Aceros (Tyasa) and Simec, among others.


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