Business View - December 2015 29
Texas-Pacifico is a wholly owned subsidiary of Grupo
Mexico, the largest mining corporation in Mexico and
the third largest copper producer in the world. Ac-
cording to Elizabeth Miller Grindstaff, Vice President
of Sales and Marketing for Texas-Pacifico Transporta-
tion, Ltd. (TXPF), which now operates the line, the new
owner did so merely “to protect an opportunity, but not
necessarily with any insight as to its future.”
But what began as more of a defensive acquisition - the
line is one of the very few rail crossings between the
U.S. and Mexico – has turned into a thriving and lucra-
tive operation. Today, Texas-Pacifico is a growing com-
pany in the San Angelo region. And what has caused
traffic on the railroad to have exploded over the last
several years? The answer, in one word, is “fracking.”
Fracking is short for “hydraulic fracturing,” a relatively
new method of extracting crude oil from previously un-
reachable, underground locations. Fracking is a well-
Elizabeth Grindstaff
LOGISTICS
