Kansas City Southern de Mexico to serve new petroleum terminal near Mexico City (10/24/2017)
10/24/2024USD Group LLC subsidiary Queretaro Energy Terminal (QET) has begun construction of a multimodal transloading terminal for petroleum product distribution in Queretaro, Mexico, the company announced yesterday.
The QET will be served by Kansas City Southern de Mexico with access to all North American Class Is, according to a USD Group press release.
"Our investment in QET provides an attractive opportunity to establish a presence in the growing Mexican market while leveraging our logistics expertise in support of an existing and profitable business," said Steve Magness, vice president, business development for USD Group. "We believe rail will provide timely, flexible and sustainable distribution capabilities necessary to improve access to energy supplies that will help fuel Mexico's economic growth."
Queretaro is located less than 150 miles from Mexico City.
Source: Progressive Railroading Daily News