(Reuters circulated the following article on February 12.)
MEXICO CITY — U.S. railroad operator Kansas City Southern (KSU) said on Monday it would invest $300 million this year in its rail freight business in Mexico.
Kansas City, Missouri-based KSU said it would spend an additional $80 million on a new rail and port terminal at the Pacific coast port of Lazaro Cardenas.
The company took over full control of its Mexican unit, Kansas City Southern de Mexico SA, when it bought the 51 percent stake of Mexican logistics company Grupo TMM SA in April 2005.