A PYMNTS Company

Mexico: COFECE closes railroad probe

By  |  March 8, 2018

Mexico’s antitrust watchdog announced on Thursday, March 8, that it has closed an investigation into a possible lack of competition in interconnection services among the country’s principal railroad operators.

The investigation, carried out by the Federal Commission for Economic Competition (Cofece), investigated whether Groupo Mexico, and Kansas City Southern of Mexico who controls 73.3% of the country’s railroads, could potentially set prices without competitors having the ability to negotiate rates.

“The market definition proposed by the authority in its preliminary ruling, and based on which it concluded that there were no conditions of competition, is not duly accredited and supported in the file,” said Cofece in its resolution.

Full Content: Wall Street Journal

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.