Grupo Mexico to Buy Florida East Coast Railway: What This Signals
Fortress Investment Group is selling the Florida East Coast Railway to a Mexican interest and this is a quite interesting transaction for several reasons. Fortress may be a seller that would sell to anyone willing to pay the right price - and you would expect as much, but the wider story is that FECR is a strong addition to someone else's business strategy. Grupo Mexico's purchase is a strategic play to establish railroad transportation presence in the US and for the expansion of intermodal service. There is certainly growth potential for FECR as evidenced by the Ports they serve.