Who Owns Grupo México, S.A. de C.V., Who Acquired Florida East Coast Railway?

We recently had a reader ask "who owns Grupo México, S.A. de C.V.?" Grupo México, S.A. de C.V., Mexico's largest mining corporation and operator of the nation’s largest rail fleet, completed its acquisition of Miami-based Florida East Coast Railway Holdings (FEC) for $2.1 billion. (FEC's 351 miles of tracks stretch from Miami to Jacksonville, FL) … Continue reading Who Owns Grupo México, S.A. de C.V., Who Acquired Florida East Coast Railway?

Highlights of Florida State Senator Debbie Mayfield’s Bill, The Florida High-Speed Passenger Rail Safety Act.

Florida State Senator Debbie Mayfield THE PUBLIC PURPOSE AND INTENT OF THE BILL IS TO ENCOURAGE THE CREATION OF SAFE AND COST-EFFECTIVE TRANSPORTATION OPTIONS FOR FLORIDA'S RESIDENTS AND VISITORS, INCLUDING HIGH-SPEED PASSENGER RAIL SYSTEMS, AND TO PROMOTE AND ENHANCE THE SAFETY OF HIGH-SPEED PASSENGER RAIL SYSTEMS TO PROTECT THE HEALTH, SAFETY, AND THE WELFARE OF … Continue reading Highlights of Florida State Senator Debbie Mayfield’s Bill, The Florida High-Speed Passenger Rail Safety Act.

Forbes: “SoftBank’s Big Fortress Takeover is a Bet on Infrastructure…”

SoftBank Group Corp. Chairman and CEO Masoyoshi Son FORTRESS INVESTMENT GROUP (FIG) IS AN INVESTMENT MANAGEMENT FIRM BASED IN NEW YORK CITY. FIG OWNS FLORIDA EAST COAST INDUSTRIES (FECI).  ALL ABOARD FLORIDA (AAF) IS A WHOLLY OWNED SUBSIDIARY OF FECI.  HOW WILL SOFTBANK'S PURCHASE AFFECT THE AAF PROJECT? According to Indian River County Attorney Dylan Reinhold, … Continue reading Forbes: “SoftBank’s Big Fortress Takeover is a Bet on Infrastructure…”

Interesting: A Letter to FL Congressmen Bill Posey from the US Department of Transportation Regarding the All Aboard Florida Project.

NOVEMBER 1, 2016 - TO THE HONORABLE BILL POSEY, US HOUSE OF REPRESENTATIVES, WASHINGTON, DC 20515. "Dear Congressman Posey: Thank you for your letters expressing concern with the Lewis Berger Group, Inc. and its role in the All Aboard Florida (AAF) project. Your letter references a ridership and revenue study conducted for the AAF project.  The … Continue reading Interesting: A Letter to FL Congressmen Bill Posey from the US Department of Transportation Regarding the All Aboard Florida Project.

Did You Know All Aboard Florida Threatened Martin and Indian River County, FL Attorney’s with Lawsuits?

ON AUGUST 24, 2015, THROUGH THEIR MIAMI LAW FIRM, ALL ABOARD FLORIDA PLAYED TOUGH BY THREATENING INDIAN RIVER COUNTY (IRC) ATTORNEY DYLAN REINGOLD AND MARTIN COUNTY ATTORNEY MICHAEL DURHAM WITH LAWSUITS OVER FEDERAL AND STATE SECURITIES LAW VIOLATIONS. In his August 24, 2015 letter to the IRC and Martin County Attorneys,  Attorney Eugene E. Stearns … Continue reading Did You Know All Aboard Florida Threatened Martin and Indian River County, FL Attorney’s with Lawsuits?

Another Potential Obstacle For All Aboard Florida That You May Not Know About, as it Relates to the Treasure Coast, FL.

State of Florida Division of Administrative Hearings ALL ABOARD FLORIDA IS FACING ANOTHER POTENTIAL OBSTACLE YOU MAY NOT KNOW ABOUT. On October 20, 2016 the St. John's River Management District's (SJRMD) notified the Florida Division of Administrative Hearings (FDAH) that Indian River Farms Water Control District ("Petitioner") brought forward a petition regarding SJRMD's decision to grant … Continue reading Another Potential Obstacle For All Aboard Florida That You May Not Know About, as it Relates to the Treasure Coast, FL.

Breaking News: Fortress Exploring Sale of Florida East Coast Railway Corp.

ON OCTOBER 13, 2016 ED HAMMOND AND KIEL PORTER WROTE THIS PIECE IN BLOOMBERG MARKETS ON HOW FORTRESS INVESTMENT GROUP LLC IS EXPLORING THE SALE OF FLORIDA EAST COAST RAILWAY CORP. "Fortress Investment Group LLC is exploring a sale of Florida East Coast Railway Corp., the coastal freight operator it took private in 2007, according … Continue reading Breaking News: Fortress Exploring Sale of Florida East Coast Railway Corp.