Truck drivers in Mexico block major highways to protest the government's failure to pay bills [Yahoo! Finance Canada]
Moody's Corporation (MCO)
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Source: Yahoo! Finance Canada
The protest by truckers blocked two major highways leading north out of Mexico City for a few hours Tuesday morning, and other highways on the Yucatan Peninsula, where they had worked carrying gravel and other materials for the government's Maya Train project. President Claudia Sheinbaum acknowledged Tuesday that the subcontractor companies that hired the truck drivers hadn't paid them because the government owed them money. “The payments to the companies have started, so that they, in turn, can pay the truck drivers,” Sheinbaum said. It was the latest in a series of complaints by workers and businessmen who said the cash-strapped government has fallen behind in payments. Mexico's federal government is running big budget deficits to pay for ambitious pet projects and entitlement programs from the previous administration. Last month, suppliers and contractors for the state-owned oil company published an open letter saying they hadn't been paid $5 billion for work they had do
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MCO
News
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- MCO's page on the SEC website