What Gmexico Transportes does

GMexico Transportes, S.A.B. de C.V. (GMXT) is the largest railway transportation company in Mexico by network coverage, revenue, and profitability, operating as a publicly listed subsidiary (ticker GMXT on the BMV since 2017) of conglomerate Grupo México. The company runs general cargo hauling and intermodal rail services across 24 Mexican states, with five US-Mexico border crossings, eight port terminals, and wholly-owned US operations in Florida (FEC) and western Texas (Texas Pacifico). It serves eight industrial verticals: agriculture, automotive, cement, energy, chemicals and fertilizers, metals and minerals, industrial products, and intermodal.

GMXT's underlying asset base is its physical rail network of more than 10,570 km of track, supported by the largest locomotive fleet in Mexico (890 units totaling 2.9 million horsepower) and 35,473 rail cars, plus wholly-owned operating subsidiaries including Ferromex, Ferrosur, IMEX (intermodal logistics), Texas Pacifico, Florida East Coast, and the jointly controlled CG Railway maritime rail-ferry service. The technology stack is principally physical infrastructure; the only disclosed digital product is a Carbon Emissions Calculator developed with ENGIE Impact that lets shippers quantify CO2 savings from modal shift to rail. The platform is integrated via interchanges with Union Pacific Railroad, BNSF, and Fort Worth and Western Railroad, allowing through-trains into the broader North American rail system.

GMXT generates revenue through quote-based pricing on railway freight transportation (transactional, by cargo type, volume, origin, destination, and distance) and ancillary terminal management and interterminal hauling services delivered to industrial shippers through direct commercial relationships. In 2025, the company reported USD $3,370 million in sales revenue, USD $1,408 million in EBITDA (a ~41.8% margin), 69,931 million ton-km transported, and 1.9 million carloads moved, with an ESR (Empresa Socialmente Responsable) sustainability designation as its principal disclosed external recognition.

Name

Gmexico Transportes

Legal name

GMéxico Transportes, S.A.B. de C.V.

Website

https://gmxt.mx

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

GMexico Transportes operates Mexico's largest railway network, providing general cargo and intermodal freight services across 24 states, 5 US border crossings, and 8 port terminals. It serves eight industrial verticals via 890 locomotives and 35,473 railcars.

Ownership category

akta.pro rank

Product category

Freight Rail Transportation

NAICS

Line-Haul Railroads (482111)

SIC

Railroads, Line-Haul Operating (4011)

akta.pro primary industry

Cross-Border Rail Freight Operators (International Corridors) (TLADACAL)

akta.pro secondary industries

Metals, Minerals & Steel Rail Operators (TLADACAF), Agricultural Products Rail Operators (Grain/Fertilizer) (TLADACAH), Automotive Rail Logistics Operators (Finished Vehicles/Auto Parts) (TLADACAC)

Keywords

• Rail freight transport
• Freight rail services
• Intermodal logistics
• Cargo railway operations
• Cross-border rail shipping

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Railway Freight Transportation: General cargo and intermodal railway transportation services covering general hauling across Mexico and cross-border routes to the United States
2. Terminal Management Services: Ancillary terminal management services including cargo loading/unloading and interterminal hauling operations

Distribution channels1 record

Core offering

Gmexico Transportes is the largest freight railway operator in Mexico, providing rail transportation services for commercial cargo across agriculture, automotive, cement, energy, chemicals and fertilizers, metals and minerals, industrial products, and intermodal segments. The company operates an integrated network through subsidiaries including Ferromex, Ferrosur, Texas Pacífico, IMEX, Florida East Coast, and CG Railway, moving freight across 10,570+ kilometers of track with 890 locomotives and 35,473 rail cars. Revenue is generated primarily through freight transportation service fees charged to enterprise shippers.

Product overview

Grupo México Transportes (GMXT) operates as a multi-brand transportation platform comprising five distinct railway networks (Ferromex, Ferrosur, Texas Pacifico, Florida East Coast, and CG Railway) and one logistics services brand (IMEX). The company offers general cargo hauling and intermodal railroad services, ancillary terminal management, and interterminal hauling across Mexico and the US. The portfolio is unified under GMXT as the parent entity while maintaining distinct operational brands serving different geographic regions and transportation modes—rail, logistics, and maritime ferry.

Differentiator

Problem solved

Functional benefit

Products and services

• Freight Rail Transportation Services
• Intermodal Logistics Services
• Cross-Border Rail Freight Services
• Port Terminal Rail Services
• Bulk Commodity Rail Transport

Quantifiable outcome

• 69,931 million tons-km transported in 2025
• +3 more outcomes

Segments8 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• ENGIE ImpactminorStrategic or Co-development PartnerENGIE Impact partnered with GMXT to develop the Carbon Emissions Calculator tool, which helps customers calculate and visualize the environmental benefits of using rail transport versus road transport by measuring CO2 emissions savings.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Others

• Grupo México (mining division – Infraestructura y Transportes Minerales): Parent conglomerate's mining division relies heavily on GMXT's rail network to move copper, minerals, and ores. While not a peer in the traditional sense, it is a key captive customer and ecosystem participant that shapes GMXT's freight mix and growth.

Broad incumbents

• GATX Corporation: Major railcar leasing company that supplies and operates railcars across North America. Comparable because GMXT's 35,473-car fleet competes for the same freight shipper relationships and benefits from similar industry dynamics.
• CSX Corporation: US Class I railroad serving the eastern United States. While not a direct Mexico operator, CSX is a comparable publicly traded Class I rail peer in terms of business model, freight mix, and capital intensity.
• Norfolk Southern Corporation: US Class I railroad serving the eastern US. Comparable as a publicly traded North American Class I freight rail operator with similar revenue model and customer verticals (automotive, chemicals, intermodal).

Direct peers

• BNSF Railway: Major US Class I railroad and interchange partner with GMXT at San Angelo, TX. Comparable freight rail business model and competes with GMXT for cross-border intermodal and bulk freight.
• Union Pacific Corporation: Largest US Class I railroad and GMXT's interchange partner at Alpine, TX. Comparable in scale and operational model, and a primary competitor for trans-border freight originating or terminating in Mexico.
• Canadian National Railway: North American Class I railroad with cross-border operations into the US. Comparable in scale, public-market dynamics, and cross-border freight model relevant to GMXT's US expansion strategy via FEC and Texas Pacifico.
• Canadian Pacific Kansas City (CPKC): The other major Class I rail operator with significant Mexico operations (via Kansas City Southern de México). CPKC competes head-to-head with GMXT for cross-border and Mexican domestic freight, making it the most directly comparable peer.

Emerging players

• Watco Companies: US-based short line and industrial rail operator serving manufacturing, agricultural, and energy customers. Comparable in serving commodity freight verticals and operating industrial rail networks.
• Genesee & Wyoming Inc. (G&W): Operates short line and regional railroads across North America and globally. Comparable in serving industrial customers (automotive, chemicals, agriculture) and adjacent to GMXT's regional rail model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gmexico_oficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gmexico Transportes