Grupo México Transportes to invest in Genesee & Wyoming-backed CG Railway.

Grupo México Transportes, a private rail consortium, offered to invest in Genesee & Wyoming-backed CG Railway, a rail road operator. Financial terms were not disclosed. “This further strengthens our partnership with GMXT, a leader in rail transportation services in Mexico with a strong presence in the southern US, including 13 ports between the two countries. Their network access and expertise, coupled with G&W’s ability to deliver safe and customer-centric first- and last-mile rail service, will enhance CGR’s overall service offering while extending the reach of CGR’s efficient and secure rail service into and out of Mexico," Michael Miller, Genesee & Wyoming CEO.