Automotive News

FIBRA Macquarie Mexico sells 37 industrial assets for US$ 87.4 million
FIBRA Macquarie Mexico, owner of one of the largest portfolios of industrial and retail property in the country, announced today that it has agreed to sell 37 non-strategic industrial assets comprising 2.6 million square feet of gross leasable area (GLA) for US$ 87.4 million in cash.  The transact...
Swiss logistics provider Panalpina adds Queretaro airport to its charter network
Panalpina, a Swiss provider of forwarding and logistics services, announced it has added the Queretaro International Airport (QRO) in Mexico to the “Speedy” loop of its Charter Network, which also connects Mexico City (MEX) and Guadalajara (GDL) with Panalpina’s air freight gateway in Huntsvil...
IEnova’s fuel terminal in Veracruz to feature more capacity than originally planned
IEnova, a Sempra Energy subsidiary dedicated to the development of infrastructure for the Mexican energy sector, will begin to build a US$ 155 million storage facility for liquid fuels in the port of Veracruz in the coming weeks, national media reported. The company revealed it has increased the p...
Cargo movement by railroad companies in Mexico up 4% in 2017
Cargo traffic through the Mexican rail system increased 4% last year, going from 122 to 126.9 million tons, according to figures from the Railway Statistical Yearbook released by the Rail Transport Regulatory Agency. In 2017, almost half of the cargo handled by rail companies operating in the count...
Mexican exports to Canada up 4.3%; trade surplus hikes 13.7%
Mexican exports to Canada grew 7.4% last February compared to the previous month, after going from US$ 1.28 billion in the first month of 2018 to US$ 1.38 billion in February, according to official figures that Statistics of Canada released on Thursday. Last February's figure exceeded in 4.3% that ...

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