• ITVI.USA
    15,482.400
    -11.800
    -0.1%
  • OTRI.USA
    25.070
    0.000
    0%
  • OTVI.USA
    15,440.270
    -7.500
    0%
  • TLT.USA
    2.700
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.550
    -0.030
    -1.2%
  • TSTOPVRPM.CHIATL
    3.030
    -0.080
    -2.6%
  • TSTOPVRPM.DALLAX
    1.450
    0.150
    11.5%
  • TSTOPVRPM.LAXDAL
    2.910
    -0.030
    -1%
  • TSTOPVRPM.PHLCHI
    1.700
    -0.040
    -2.3%
  • TSTOPVRPM.LAXSEA
    3.020
    -0.010
    -0.3%
  • WAIT.USA
    120.000
    0.000
    0%
  • ITVI.USA
    15,482.400
    -11.800
    -0.1%
  • OTRI.USA
    25.070
    0.000
    0%
  • OTVI.USA
    15,440.270
    -7.500
    0%
  • TLT.USA
    2.700
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.550
    -0.030
    -1.2%
  • TSTOPVRPM.CHIATL
    3.030
    -0.080
    -2.6%
  • TSTOPVRPM.DALLAX
    1.450
    0.150
    11.5%
  • TSTOPVRPM.LAXDAL
    2.910
    -0.030
    -1%
  • TSTOPVRPM.PHLCHI
    1.700
    -0.040
    -2.3%
  • TSTOPVRPM.LAXSEA
    3.020
    -0.010
    -0.3%
  • WAIT.USA
    120.000
    0.000
    0%
American ShipperNewsRailTrucking

$1 billion Mexico-Canada rail link proposed

Caxxor Group wants to build a transcontinental rail corridor from Mazatlán, Mexico, to Winnipeg, Canada

Mexico-based Caxxor Group is seeking investors for a proposed North American trade corridor aimed at connecting the Mexican Pacific Coast with the United States and Canada through a new rail corridor.

Dubbed the United States-Mexico-Canada Agreement (USMCA) Corridor, the proposed new trade route would require building a logistics terminal in Winnipeg, Canada, and expanding the shipyard at the Port of Mazatlán in Mexico. The new logistics terminals would handle containers, automobiles, bulk commodities and petroleum products. 

The project would also require the construction of 54 miles of rail lines in Mexico to go with the more than 146,000-miles of existing railroad infrastructure that runs through the U.S., Mexico and Canada.

The aim is to increase transcontinental competitiveness through rail connectivity across North America, as well as reduce freight costs and transport times, said Carlos Ortiz, president of Caxxor Group.

“The USMCA Corridor project proposes a new strategic corridor from the Pacific Ocean in Mexico to connect with the central east and eastern part of the United States, through Mexico’s most productive industrial region, since the corridor would touch the [Mexican] states of Sinaloa, Durango, Monterrey and the cities of Laredo, Dallas, Tulsa and Chicago,” Ortiz said in news outlet Milenio.

(Image: Caxxor Group)

Caxxor Group is a Mexican conglomerate that funds projects in infrastructure development. The company is an affiliate of Atlanta-based National Standard Finance, a multinational investment real estate firm. 

Ortiz said about $1 billion to $3 billion would be needed to expand the shipyard at the Port of Mazatlán, build new rail lines in Mexico, construct the Winnipeg logistics center, as well as the construction of industrial parks and other facilities in Mexico.

Ortiz did not have a timetable for the USMCA Corridor’s completion but said Caxxor Group has been communicating with investors.   

Click for more FreightWaves articles by Noi Mahoney.

More articles by Noi Mahoney

CFI expands Mexico trucking services

US-Mexico border infrastructure upgrades on the way

Mexican border city reconsiders ban on commercial trucks

Tags

Noi Mahoney

Noi Mahoney is the Cross-Border Freight Market Reporter for FreightWaves.com. He graduated from the University of Texas at Austin with a degree in English in 1999. Mahoney has more than 20 years experience as a reporter and editor. He has worked for newspapers in Florida, Maryland and Texas.

One Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Close