Ferrocarriles Nacionales de Mexico (National Railways of Mexico) - 1910

Beautifully engraved certificate from the Ferrocarriles Nacionales de Mexico (National Railways of Mexico) issued in 1910. This historic document was printed by the American Bank Note Company and has an ornate border around it with a vignette of a man's picture. This item is hand signed by the Company's Vice-President and Assistant Secretary and is over 94 years old.


Certificate Vignette



History

Ferrocarriles Nacionales de Mexico (FNM - National Railways of Mexico) was established in 1873. The Mexican government owned the rail network from 1937 until 1997 when it privatized the first of four railway regions. The Northeast Railway today is operated as Transportacion Ferroviaria Mexicana (TFM), a key component of Kansas City Southern's NAFTA Railway.

TFM provides the primary rail route in Northern Mexico linking Mexico City with Laredo, Texas, where over 50 percent of U.S.-Mexico trade crosses the border. The line also connects major Mexico population centers in Monterrey and Guadalajara and the ports of Lazaro Cardenas, Veracruz and Tampico. Its 2,661-mile line accounts for 19 percent of rail in Mexico yet carries 40 percent of the country's total rail cargo.

TFM, a joint venture between Transportacion Maritima Mexicana (TMM) and KCSI, became the owner of Mexico's Northeast Railway in December 1996 when it won the bid for the line and assumed operating control in June of 1997. The rail concession gives TFM the right to operate the line for 50 years with the option for renewal for another 50 years.

The FNM privatization is one piece of Mexico's National Development Plan 1995-2000 which includes privatization of other government-owned-and-operated entities such as ports and utilities. Its goal is the development of a modern, efficient, and competitive railroad system to support a growing Mexican economy.