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theaveragejoe

Ferromex Expands SD70ACe Locomotive Fleet

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La Grange, Illinois and Mexico City, Mexico

After placing 44 new SD70ACe locomotives into service earlier in 2011, Ferrocarril Mexicano, S.A. de C.V. (Ferromex) took delivery of an additional 38 units from Electro-Motive Diesel (EMD) last month.

 

"Ferromex achieved record volumes in 2010 and 2011 and is planning future growth in its port cargo and inland transit operations over the next several years. The railroad selected EMD to supply its new locomotives based on the demonstrated performance and leading fuel efficiency of the SD70ACe."

 

"The 44 SD70Ace locomotives received early last year have achieved very high and consistent performance, and fuel efficiency, as expected. The new additions will be key to our plans for 2012 and beyond, where Ferromex will continue to grow at higher levels than the average of the railroad industry " said Rogelio Vélez, CEO of Ferromex.

 

EMD introduced the 4,300 traction horsepower SD70ACe locomotive in 2005 for freight applications in North America and worldwide. It meets EPA Tier 2 emissions standards, enabling Ferromex to interchange locomotives with railways in the United States and Canada. The Ferromex locomotive will also feature radial trucks, distributed power and the EMD Q-cab for increased operator comfort and safety.

 

The locomotives were sold to the leasing entity of Grupo BBVA, Apoyo Mercantil, S.A. de C.V. (now Facilieasing Equipment, S.A. de C.V.) and leased to Ferromex. The contract also includes a 15-year locomotive maintenance agreement. With delivery of this order, Ferromex will operate a total fleet of nearly 100 SD70ACe locomotives

 

"We are thrilled and honored that Ferromex once again selected the SD70ACe locomotive for expansion of its operations," said Billy Ainsworth, Chief Executive Officer of EMD. "We appreciate the confidence Ferromex has in EMD and look forward to continuing to provide the highest quality, energy-efficient locomotives and services to support its future growth. "

 

About Electro-Motive Diesel

Founded in 1922, Electro-Motive Diesel, a subsidiary of Progress Rail Services, a Caterpillar Company, is an original equipment manufacturer of diesel-electric locomotives. Headquartered in LaGrange, Illinois, with additional facilities in London, Ontario, EMD designs, manufactures and sells diesel-electric locomotives for all commercial railroad applications and has sold its products in more than 70 countries worldwide. The Company is the only diesel-electric locomotive manufacturer to have produced more than 72,500 engines and has the largest installed base in both North America and worldwide. In addition to its manufacturing activities, EMD has an extensive aftermarket business offering customers replacement parts, maintenance solutions, and a range of value-added services. The Company is also a global provider of diesel engines for marine propulsion, offshore and land-based oil well drilling rigs, and stationary power generation. Additional information may be found at Welcome to EMD.

 

About Ferromex

Ferromex, formed by Grupo Mexico and Union Pacific, began operating in February of 1998. The company has invested $ 2.1 billion dollars in locomotives, infrastructure, freight cars, technology and Intermodal and automotive terminals over the last 13 years. With more than 8,000 kilometers of track, Ferromex represents the largest coverage in the Mexican Railway System. It connects the main cities in the country as well as five points on the border with the United States, four sea ports on the Pacific Ocean and two more on the Gulf of Mexico. Additional information may be found at Ferromex || La fuerza que mueve a México

 

About Facileasing Fleet and Equipment (Grupo BBVA)

Facileasing is the leasing entity of Grupo BBVA in Mexico providing leasing solutions for two segments: i) Equipment & Machinery with a recognized structuring expertise and funding capabilities (new and used assets and sale & lease back solutions) and ii) Vehicles & Fleet Management with more than 20 years of experience and 23,000 vehicles managed in Mexico. Facileasing supports its business model in qualified processes and high technology systems

 

 

EMD - News

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