Jacksonville, Florida, January 2, 2024, Business Wire – Genesee & Wyoming Inc. (G&W) is pleased to welcome Grupo México Transportes (GMXT) as a new partner in its CG Railway, LLC (CGR) joint venture, pending receipt of regulatory approvals for their purchase of equity interests in CGR.
G&W initially formed a joint venture with SEACOR Holdings Inc. in 2017 to own and operate CGR, which has provided rail-ferry service between the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz, across the Gulf of Mexico since 2001. Last week, GMXT announced its intention to purchase SEACOR’s stake in CGR and become G&W’s new joint venture partner for CGR.
CGR’s service advantages include three-day port-to-port transit time, an expedited customs clearance process and minimal exposure to pilferage while in transit on the Gulf of Mexico. To learn more about the operation, visit cgrailway.com.