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Article: Texas Mexican Railway: bridge to opportunity. (system's upgrading included $23 million spend on capital improvements in 1996)(Cover Story)
- Article from:
- Railway Age
- Article date:
- March 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tex Mex is the shortest link in "The NAFTA Railroad," but for many reasons, it may be the most important.
Not long ago, 126-year-old Texas Mexican Railway, the 167-mile short line linking Corpus Christi, Tex., with Laredo/Nuevo Laredo on the U.S./Mexico border, was in danger of becoming another fallen flag. Aside from controlling a critical railroad gateway into Mexico, interchanging with Union Pacific and Ferrocarriles Nacionales de Mexico, Tex Mex, says President and CEO Larry Fields, was running few of its own trains.
Business was down. It had dropped off sharply (50% in the space of three weeks) when Mexico's economy went south after the peso ...