Grupo Mexico allocated 35.9 million dollars in Mexico in social infrastructure, highlighting the improvement of water infrastructure for the communities of Cananea and Nacozari. In its global operations, the company increased its investments in social infrastructure by 97% in 2023 compared to the previous year. As part of
Infrastructure and Real Estate Trusts (FIBRAs) in Mexico increased from 15 at the end of 2022 to 17 at the end of 2023. What are FIBRAs? FIBRAs are vehicles used to finance the purchase and/or construction of real estate for the purpose of leasing or acquiring the right
Jaime Chico Pardo is a member of the Board of Grupo Bimbo and of the Advisory Board of BDT Capital Partners, a private investment firm. Previously, he served on the boards of Honeywell International, AT&T and American Funds Mutual Funds. He has also served on the Board of
The Canadian antitrust authorities initiated in 2017 an investigation against Grupo Bimbo regarding alleged collusion among various participants in the bakery industry. This investigation includes Canada Bread, which to date has not been charged for such conduct. Grupo Bimbo is cooperating with the Canadian authorities in this process.
Mexico‘s listed companies reported their fourth quarter 2023 financial results, which were affected by the appreciation of the Mexican peso. This exchange rate had a negative effect on export and foreign sales revenues when translated into local currency. As a consequence, the companies had a decrease in their
JB Hunt Transport Services, Inc. operated a fleet of 5,944 company-owned tractor-trailers in its intermodal segment at the close of 2023, down 2.3% compared with 2022. Also, the intermodal segment, called JBI, of this U.S. transportation and logistics company had 118,171 company-owned trailer rigs systemwide, up 2.6%, in