Mexican Cargo Train Accident Cleared, Service Resumes
December 08 2010 - 6:01PM
Dow Jones News
Train operator Ferrocarril y Terminal Ferroviaria del Valle de
Mexico said it removed two cargo trains that had blocked rail lines
running through the State of Mexico since Monday morning.
Ferrovalle, as the company is known, said in a statement that
the rail lines in metropolitan Mexico City are operating as usual.
The cargo trains were carrying chemicals when they brushed up
against each other and derailed, blocking the line in one
direction.
Ferrovalle is equally owned by the rail units of mining firm
Grupo Mexico (GMEXICO.MX), Ferromex and Ferrosur; Kansas City
Southern de Mexico, which is a unit of Kansas City Southern (KSU);
and Mexico's Communications and Transport Ministry.
Ferrovalle said the lines on which the Suburbano light rail line
runs are also now operating normally. The Suburbano is operated by
Spanish transport concern Construcciones y Auxiliar de
Ferrocarriles SA (CAF.MC) and runs between Buenavista station in
central Mexico City and Cuautitlan, Mexico State.
The Suburbano adjusted service by transporting all of its
passengers on a single line, rather than simultaneously running
trains in and out of the city on two lines, and operating double
wagons in an effort to ease congestion.
Ferrovalle said it believes the accident may have occurred due
to a rupture in the trains' brake lines, possibly due to vandalism.
The company said this was its first accident since the rail line
was privatized in 1995, and no dangerous substances leaked during
the incident. Nobody was injured.
Ferrovalle, which is based in Mexico City, has 30 trains and a
39-hectare cargo terminal that serves as an interconnection point
for major train lines.
By Amy Guthrie, Dow Jones Newswires; (5255) 5980-5177,
amy.guthrie@dowjones.com
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Apr 2023 to Apr 2024
