A Sale and a Partnership Derailed

A Sale and a Partnership Derailed

Mexico

All was on track in August for Kansas City Southern Railroad to take control of Mexico’s most important railroad. Mike Haverty, chairman, president and chief executive officer of Kansas City, had struck a deal to buy out his company’s ailing Mexican partner, Grupo Transportación Marítima Mexicana (TMM), and take over a cross-border railroad that has become a critical artery linking the US and Mexico. The heart of the deal: Mexican railroad TFM is at the center of a dispute between its US and Mexican owners. TMM, struggling with excessive debt,

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