Which companies are partnering to bid for Argentina's state-run freight operator Belgrano Cargas y Logistica (BCYL)?

Grupo Mexico Transportes USA (GMXT) has struck a deal with U.S. rail technology company Wabtec to jointly bid for Argentina's state-run freight operator Belgrano Cargas y Logistica (BCYL).

What is the strategic purpose of privatizing BCYL according to the news?

The privatization of BCYL is part of President Javier Milei's drive to transfer state-owned companies into private hands and is aimed at improving the transport of goods such as grains from the north and west of Argentina to key export ports in the Rosario region.

Grupo Mexico, U.S. partner eyes Argentina grain freight network in Milei privatization push

Jun 11, 2026

Grupo Mexico Transportes USA and Wabtec plan to jointly bid for Argentina's state-owned freight operator BCYL amid President Milei's privatization drive. The network transports 7.5 million tons annually, mostly agricultural products, attracting major miners and commodity traders.

reuters

2026-06-11

Grupo Mexico, U.S. partner eyes Argentina grain freight network in Milei privatization push

Grupo Mexico, U.S. partner eyes Argentina grain freight network in Milei privatization push

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