Mexico’s antitrust commission, Cofece, has determined that there is a lack of competition between rail services operators including Kansas City Southern and Ferromex. Remedies have yet to be defined. From a cross border perspective rail traffic has slowed recently, with a 3% slide in imports and exports combined in the 12 months to January 31 on a year earlier. That followed a 4% annual increase in the previous three years. Looking ahead cross-border trade with the U.S. and Canada will likely increase if NAFTA negotiations result in tighter rules of origin. The largest users of inbound r...
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