Grupo México , through its Grupo México Transportes (GMXT) division , decided to withdraw from the freight rail tender process in Argentina, considering that the proposed scheme under the Open Access model lacks the necessary incentives to guarantee long-term efficiency, investment, and competitiveness.

He stated that after analyzing the competition rules, the company’s Board of Directors concluded that the proposed model does not coincide with the model promoted in Mexico and North America.

“The tender in that country contemplates the rail operating model known as Open Access, which consists of an infrastructure used by multiple operators who divide the same cargo among themselves, diminishing the possibility of achieving economies of scale. From our perspective, this model is inefficient, reduces the competitiveness of the system as a whole, increases costs and prices for customers, and requires public subsidies to be maintained. On countless occasions, different companies have collapsed and declared bankruptcy due to this scheme,” he stated.

In contrast, the Vertical Integration model adopted in Mexico and integrated into the United States and Canadian network has generated incentives for investment and operational efficiency , since by controlling the entire system, freight rail companies optimize the use of their assets, improve logistics planning and benefit users and supply chains, he explained.

Volume and revenue on the rise in the third quarter

During the third quarter of 2026 (3Q26), GMXT reported revenues of $978,384,000, an annual increase of 12.3%, while EBITDA reached $388,809,000, an advance of 8.2% compared to the same period in 2025.

The company moved 524,538 railcars, a figure that represented a growth of 5%; the increase was led by the metals segment  with a 15.4% increase in cars, followed by intermodal which grew 11.8% and by cement with a 3.5% increase.

The main driver of performance was the intermodal business ; this segment increased its revenue by 16.3%, driven by greater container movement and by the growth of cross-border traffic in the south.

This was further supported by the dynamism of the metals sector, which registered increases of 15.4% in volume and 14.1% in revenue, supported by the recovery of the scrap market and compliance with the slab program.

Likewise, minerals increased its revenue by 13.2% thanks to greater iron ore movements on long-distance routes.

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El cargo GMXT withdraws from Argentina; reports revenue increase in Q3 2026 apareció primero en T21.

Grupo México , through its Grupo México Transportes (GMXT) division , decided to withdraw from the freight rail tender process in Argentina, considering that the proposed scheme under the Open Access model lacks the necessary incentives to guarantee long-term efficiency, investment, and competitiveness.

He stated that after analyzing the competition rules, the company’s Board of Directors concluded that the proposed model does not coincide with the model promoted in Mexico and North America.

“The tender in that country contemplates the rail operating model known as Open Access, which consists of an infrastructure used by multiple operators who divide the same cargo among themselves, diminishing the possibility of achieving economies of scale. From our perspective, this model is inefficient, reduces the competitiveness of the system as a whole, increases costs and prices for customers, and requires public subsidies to be maintained. On countless occasions, different companies have collapsed and declared bankruptcy due to this scheme,” he stated.

In contrast, the Vertical Integration model adopted in Mexico and integrated into the United States and Canadian network has generated incentives for investment and operational efficiency , since by controlling the entire system, freight rail companies optimize the use of their assets, improve logistics planning and benefit users and supply chains, he explained.

Volume and revenue on the rise in the third quarter

During the third quarter of 2026 (3Q26), GMXT reported revenues of $978,384,000, an annual increase of 12.3%, while EBITDA reached $388,809,000, an advance of 8.2% compared to the same period in 2025.

The company moved 524,538 railcars, a figure that represented a growth of 5%; the increase was led by the metals segment  with a 15.4% increase in cars, followed by intermodal which grew 11.8% and by cement with a 3.5% increase.

The main driver of performance was the intermodal business ; this segment increased its revenue by 16.3%, driven by greater container movement and by the growth of cross-border traffic in the south.

This was further supported by the dynamism of the metals sector, which registered increases of 15.4% in volume and 14.1% in revenue, supported by the recovery of the scrap market and compliance with the slab program.

Likewise, minerals increased its revenue by 13.2% thanks to greater iron ore movements on long-distance routes.

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El cargo GMXT withdraws from Argentina; reports revenue increase in Q3 2026 apareció primero en T21.

The Argentine government launched the tender for the privatization of the company Belgrano Cargas y Logística (BCyL) which includes the General Belgrano, General San Martín lines – both of interest to Grupo México Transportes (GMXT) – and General Urquiza, which will be concessioned for 50 years .

The document specified that the rolling stock, its surrounding properties and the use of the workshops will also be under concession.

The concession will be granted under an open access regime, with investment plans and the possibility of accessing the benefits of the Incentive Regime for Large Investments (RIGI) for those who win said railway infrastructure.

“The goal is to incorporate private capital and management capacity to recover an infrastructure that for decades accumulated deterioration, lack of maintenance and insufficient investment, despite the growing resources allocated by the National State,” he stated.

He recalled that at the beginning of the current administration, BCyL presented a critical operational and financial situation, since technical reports indicated significant economic losses for the company , coupled with a significant deterioration of the infrastructure, a high number of derailments, lack of cyclical maintenance and a failure of between 20% and 40% of the scheduled maintenance of the traction fleet during 2023.

Faced with this situation, the new model seeks to have the private sector contribute the capital and experience , and assume the entrepreneurial risk necessary to recover and develop the system, while the National State maintains its functions of regulation, oversight and control.

The open access scheme for railway infrastructure will allow the participation of different operators under objective and non-discriminatory conditions. It also includes mandatory works that must be carried out during the first five years of the concessions, along with optional works that bidders may commit to and which will be considered during the awarding process.

The 50-year timeframe will create the necessary conditions for large-scale, long-recovery-period railway investments , providing predictability for the development of new infrastructure and the incorporation of private capital.

In turn, the long-term horizon will allow for monitoring the maturation of new loads and will ensure that the concessionaire has incentives to maintain and renew the network throughout the term of the contract.

The railway network of more than seven thousand kilometers to be concessioned directly impacts 16 provinces: CABA, Buenos Aires, Córdoba, Entre Ríos, Corrientes, Misiones, Chaco, Santa Fe, Santiago del Estero, Tucumán, Salta, Jujuy, Mendoza, San Juan, San Luis and Catamarca.

The planned interventions include works to eliminate the railway bottleneck in the city of Santa Fe and recover the sugar branch of the Belgrano Line; rehabilitate the capacity, reliability and regularity of the main corridor of the San Martín Line; and recover the trunk branch of the Urquiza Line.

Argentina’s Ministry of Economy specified that the deadline and time for consultations on the bidding documentation will be until October 28, and the submission and opening of bids will be on November 11 of this year.

The winner of the tender will have to carry out the mandatory works within the first five years from the date of taking possession.

As well as the optional and additional works authorized to which it has committed in its offer within the agreed period, which may not exceed 15 years.

It is worth remembering that in 2025, GMXT confirmed its interest in participating in the bidding process for the modernization and operation of a railway network in Argentina .

According to reports from Argentine media, at that time, Bernardo Ayala, CEO of GMXT USA, had confirmed the above after a meeting with journalists, where he stated “that it is a unique opportunity to participate in a process similar to the one carried out in Mexico in 1998.”

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El cargo Argentina launches tender to privatize the Belgrano Cargas railway apareció primero en T21.

Grupo México Transportes (GMXT) reported a 14.3% increase in its total revenue during the second quarter of 2026 (2Q26) , and confirmed that it is looking to invest in the railway sector of Brazil and Argentina.

“We are analyzing different investment opportunities seeking to generate value for our shareholders; these opportunities include railway operations in Brazil through acquisition and in Argentina through the bidding of railway assets for rail freight movement,” the company stated.

He specified that in the case of Brazil there is the possibility of a stake in a relevant asset of the country, with a view to growing volumes in a diversified manner and improving efficiency .

For Argentina, he explained that they expect the corresponding tender to be launched, which, if it is a comprehensive model, could be attractive to the company , unlike the divided model ( open access ) that has proven to generate losses and require subsidies from the government and would not be of interest to Grupo México .

“Both offer a significant opportunity for increased volume transport by rail. With our 30 years of experience and advanced technologies, we could integrate them into the aforementioned rail networks and gain market share, higher volumes, and greater efficiencies,” he emphasized.

Regarding its Q2 2026 results, GMXT went from $853,221,000 to $975,238,000 year-on-year , growth that was mainly driven by the agricultural, intermodal and automotive segments.

According to the report sent to the Mexican Stock Exchange (BMV) , EBITDA reached $406 million 648 thousand in Q2 2026, an 8.3% increase year-on-year.

Meanwhile,  the cargo transported grew 7% compared to the same period in 2025, totaling 524,649 cars.

The increase in volume was led by the metals segment , with a 26% increase in cars, followed by intermodal which grew 12% and the agricultural segment with a 6% increase.

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El cargo GMXT reports increased revenue in Q2 2026; seeks to invest in Brazil and Argentina apareció primero en T21.

The  Intermodal Association of South America (AIMAS) considered the possible arrival of Grupo México Transportes (GMXT) to Argentina to be positive, as it would attract other companies and boost intermodal transport  and its expansion in the region.

“What will save Argentina’s economy and railways will not be privatization itself, but the model that railway companies implement. The integrated North American railway model, plus the expansion proposed by AIMAS, in strong alliance with the region’s trucking (and shipping) industry, will have a positive impact on the entire region,” said Jorge de Mendonça, president of the organization.

In an interview with T21, he commented that the development of the railway industry in Argentina will also impact neighboring countries such as Brazil, Chile and other nations .

Federico Ignacio Weinhold, treasurer of AIMAS, reiterated that the railway in particular and the economy have a new opportunity for their rebirth.

“Seeking to assimilate and apply lessons learned from countries that seriously and sustainably improved their rail logistics, such as Mexico, the United States and Canada, with a particular emphasis on transparent, reliable and long-term regulatory frameworks, the right incentive system and incremental improvements, plus a commercial supply capacity that keeps pace with current and future demand, which is increasingly sophisticated across all sectors, sizes and locations of the economy,” he said.

For his part, Daniel Marcelo Campana, a railway and automotive technician at AIMAS, considered that Argentina has lost the capacity to audit the railway , so it will be necessary to create a regional authority similar to that of airplanes, such as the International Civil Aviation Organization (ICAO) , where each local control authority must ensure compliance with international standards.

In that regard, he stressed that the regulations and processes must be those required by the region and not a simple licensed import from other continents.

Similarly, he explained that Ferromex’s proposed model of vertically integrated rail and intermodality represents a complete paradigm shift , which will generate resistance from business owners who profit from this transportation system by effectively disregarding its public service nature. “This resistance will manifest itself in angry, supposedly technical, opinions highlighting the impossibility of having a competitive railway in Argentina.”

Jorge de Mendonça offered the support and advice of the organization to companies that show interest in participating in the railway privatization process in Argentina .

He emphasized that what AIMAS proposes for Argentina and the region is the model that Ferromex is familiar with, so it will find interest among transporters, ports, universities and provinces, “people who are already paying attention, who are the ones to whom we have been suggesting the model for eight years.”

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El cargo Renaissance on rails: AIMAS celebrates possible arrival of GMXT to Argentina apareció primero en T21.

Vladimir Muñoz, CEO of Talma Mexico, stated that with this new four-thousand-square-meter (m2) infrastructure, the company will double its installed capacity in the country.

“This investment is in addition to the $2.3 million invested in 2024 to improve and expand our warehouses. At the regional level, Talma is promoting a progressive investment strategy that includes Mexico, reaffirming its commitment to business continuity and expansion, as well as to our consolidation in key markets,” he stated.

In a statement, it specified that the total investment for 2025 will be allocated to infrastructure and equipment to expand its operational capacity in the markets of Peru, Colombia, and Ecuador .

Among the initiatives is the construction of new maintenance workshops to optimize the management of ground support equipment (GSE), which is essential for airport operations in Peru, especially at the new Jorge Chávez Airport.

Also, the acquisition of specialized, state-of-the-art equipment for the recently opened Specialized Center at El Dorado Airport in Colombia.

With 15 years of operations in Mexico, Talma has established itself as a key player in the country’s air cargo sector, operating in three strategic airportsand handling more than 202,000 tons annually by 2024.

Founded in Peru as part of the Sandoval Group, it is today the leading airport services operator in the region, with a presence in nearly 50 airports in Colombia, Mexico, Peru, and Ecuador.

Furthermore, as part of its expansion strategy, it is planning to enter Argentina and is currently in the process of providing airport services, a market that is recovering and opening up opportunities for various private players.

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El cargo Talma will build its second warehouse at the AIFA (African Institute of Technology); it will invest $9 million. apareció primero en T21.