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Texas Pacifico Transportation Ltd. (reporting mark TXPF) is a Class III railroad operating company in West Texas owned by Grupo México. [3] [4] The company operates over the South Orient Rail Line under a lease and operating agreement with the Texas Department of Transportation and Texas Pacifico Transportation, Ltd.
The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues.
It is still owned by the City of Cincinnati and is leased to the CNO&TP under a long-term lease; it is the only such long-distance railway owned by a municipality in the United States. The CNO&TP's lease of the Cincinnati Southern Railway is currently set to expire in 2026, with an option for a 25-year renewal. [8]
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