Transportacion Maritima Mexicana, S.A. de C.V. (NYSE: TMM; TMM/A), the largest Latin American multi-modal transportation and logistics company and owner of the controlling interest in Mexico’s busiest railway, TFM, announced that it recently received a contract from Ford Motor Company to manage the logistics, transportation, and distribution of after-market auto parts throughout Mexico.
TMM has already implemented the new distribution network. The company anticipates that the new three-year contract will produce approximately $3 million of new incremental revenue for TMM’s Land Operations Group. This dedicated trucking distribution network employs 34 full time tractors and trailers and distributes after-market auto parts to 147 auto and auto parts dealers throughout the country.
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“As the transportation leader in Mexico, we are very pleased to have expanded our relationship with Ford, which is already extensive as a result of our involvement in transporting parts and completed vehicles by road, rail, and sea,” said Javier Segovia, TMM’s president. “We believe we can take advantage of significant efficiencies in helping Ford supply its customers, providing superior service and also cost efficiencies for Ford.”
Headquartered in Mexico City, TMM is the premier Mexican multimodal transportation company and logistics provider. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services within Mexico. TMM also has the controlling interest in Transportacion Ferroviaria Mexicana (TFM), which operates Mexico’s Northeast railway and carries over 40% of the country’s rail cargo. Visit TMM’s web site at www.tmm.com, TFM’s web site at www.gtfm.com . Both sites offer Spanish/English language options. For free fax on demand information, dial 1-800-PRO-INFO and enter the company’s symbol: TMM.
