October 10, 1996 |
Mexico's ambitious program to privatize its railroad system got off on the wrong track Wednesday. In what was the second recent setback for Mexico's plans to raise billions of dollars in a sell-off of public facilities, the government was forced to cancel a planned sale of rights to a northern railway line because the sole bidder didn't offer nearly enough money.
February 6, 1995 |
They might not want the whole Mexican railroad, which has some wretched stretches of track. But despite the peso crisis and Mexico's political turmoil, U.S. and foreign railroad companies will be standing in line when the government of Ernesto Zedillo begins offering rights to his country's history-rich rail system.
February 12, 1996 |
Korean conglomerates are interested in buying the Mexican port of Ensenada and helping build a railroad from there northeast to Tecate as part of a major expansion of their industrial presence in northern Baja California, Mexican officials say. Among the possibilities: a new Hyundai steel mill.
November 12, 1992 |
Look past the goats, cattle and pigs that stray onto the lone railroad track that heads south into Mexico from this city's dusty railroad depot and you can see the impact that free trade portends for the United States and Mexico. Each weekday morning, U.S. and Mexican customs agents unlock a pair of worn padlocks on the rusted gate that blocks the aging track between San Ysidro and Tijuana.
October 25, 2007 |
A freight train once ran through this town near the Guatemalan border. It carried cattle feed, cement and steel. Every day, a hundred or more men and women jumped on its rattletrap cars and hitched a free ride northward. Few locals miss the train, which stopped operating in July. But for the Central American immigrants who pass through southern Mexico on a desperate, 1,200-mile odyssey to the United States, the line's closure is a disaster of epic proportions.
January 4, 2010 |
Southern California's twin ports make up the nation's biggest cargo container hub -- and they're launching an ambitious campaign to stay that way as they navigate a weak economic recovery and increasing competition from foreign and domestic harbors. The ports of Los Angeles and Long Beach are aggressively advertising and giving customers discounts at a time when they and most other U.S. ports are wrapping up their worst ever year-over-year decline in shipping business. In 2009, the two ports moved about 2.5 million fewer containers than the year before, the equivalent of shutting down the country's fourth-busiest seaport -- Savannah, Ga. -- for the entire year.