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Thursday, October 24, 2013
Ferromex, UP launch 'Eagle Premium' intermodal service
Ferrocarril Mexicano S.A. de C.V. (Ferromex) and Union Pacific Railroad earlier this month initiated a new intermodal service between Monterrey, Mexico, and Chicago.
The "Eagle Premium" service targets customers and carriers that currently move $473 billion worth of goods across the U.S.-Mexico border using 6 million trucks, Ferromex officials said in a press release. Trains will run Monday through Saturday to and from Monterrey and Chicago, with transit times estimated at four days for southbound traffic and five days for northbound loads.
The service offers lower logistics costs and reduced travel times between Nuevo Leon and Illinois, as well as neighboring states, Ferromex officials said.
A Grupo Mexico subsidiary, Ferromex moves 17 percent of Mexico's total cargo by tonnage. The railroad plans to spend $450 million this year to increase capacity and velocity as part of a five-year, $2.5 billion capital plan.
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