Kansas City Southern (KCS) posted a 4% drop in revenue in the first quarter of 2021, to $ 706 million. Among other causes, the result is due to lower volumes, lower fuel surcharge and fluctuations in foreign currency. Chemicals and petroleum As part of that income, it obtained
The Mexican peso closed the week with an appreciation of 1.15% or 23.2 cents, trading around 19.93 pesos per dollar, being the third consecutive week that it gained ground against the dollar, in which it accumulated an advance of 3.18 percent. The exchange rate touched a weekly maximum
The Federal Commission for Economic Competition (Cofece) denied that Infraestructura Portuaria Mexicana (IPM) participated in a tender in the Port of Tampico, Mexico. With number API/TAMPICO/TUM-II/01/20, the public tender aims to award a contract for the partial transfer of rights and obligations for the modernization, equipment and operation
China formally deposited the approval letter of the Regional Comprehensive Economic Association (RCEP) on Friday with the Secretary General of the Association of Southeast Asian Nations (ASEAN). With this, China finalizes the RCEP approval process. Earlier, on November 15, the 10 members of ASEAN, as well as China,
Mexico imported elements for train tracks worth 112 million dollars in 2020, according to data from the Ministry of Economy. Without substantial comparative changes, these external purchases were $ 113 million in 2018 and $ 110 million in 2019. The elements for train tracks, made of cast iron,
Gasoline imports to Mexico showed a decrease of 44.4% year-on-year in the first two months of 2021. With this result, they reached 1,612 million dollars, according to data from Banxico. Following the government’s phasing out of gasoline and diesel price controls in 2017, domestic fuel prices are now