Exhibit 99.1



                                                     

[LOGO]                                                  [LOGO]

GRUPO TMM COMPANY CONTACT:                              KANSAS CITY SOUTHERN CONTACTS:
Brad Skinner                                            Warren K. Erdman
Investor Relations                                      Vice President of Corporate Affairs
011-525-55-629-8725 or 203-247-2420                     816-983-1454
(BRAD.SKINNER@TMM.COM.MX)                               (WARREN.K.ERDMAN@KCSR.COM)

Marco Provencio                                         Gabriel Guerra
Media Relations, Proa/StructurA                         Media Relations
011-525-55-629-8708 and 011-525-55-442- 4948            011-525-55-273-5359
(MP@PROA.STRUCTURA.COM.MX)                              (GGUERRA@GCYA.NET)

AT DRESNER CORPORATE SERVICES:
Kristine Walczak (general investors, ANALYSTS AND MEDIA)
312-726-3600
(KWALCZAK@DRESNERCO.COM)




           KANSAS CITY SOUTHERN AND GRUPO TMM TO SEEK RECONSIDERATION
                OF MEXICAN FOREIGN INVESTMENT COMMISSION DECISION


MEXICO CITY,  SEPTEMBER 16, 2004 - KANSAS CITY SOUTHERN (NYSE:  KSU) ("KCS") AND
GRUPO TMM, S.A. (NYSE: TMM AND BMV: TMM A) ("TMM") announced today that Mexico's
Foreign  Investment  Commission  ("FIC")  delivered  a  notice  that the FIC had
resolved to deny KCS' application for authorization of KCS' proposed acquisition
of TMM's  interest in TFM,  S.A. de C.V.,  which  operates a major rail  freight
carrier in Mexico. The approval of the FIC is necessary for a foreign company to
become a majority owner of a Mexican-based railway company.

KCS and TMM stated that they are  disappointed by this decision,  and that it is
not in the spirit of the North  American  Free  Trade  Agreement  ("NAFTA")  nor
consistent  with  previous  decisions  made  by  the  FIC  on  foreign  majority
ownership, including ownership of another railroad in Mexico.

KCS and TMM are actively  involved in discussions  with the FIC and believe that
they are close to an agreement to resolve these  matters.  KCS and TMM will seek
reconsideration   of  this  decision  and  remain  confident  that  they  should
ultimately obtain approval of the transaction. KCS and TMM have agreed to extend
the current deadline under the April 20, 2003  acquisition  agreement until June
15, 2005 to provide additional time to complete this transaction.

KCS is a  transportation  holding  company that has railroad  investments in the
United  States,  Mexico,  and  Panama.  Its  primary  holding is The Kansas City
Southern Railway Company.  Headquartered  in Kansas City,  Missouri.  KCS serves
customers  in the  central  and  south  central  regions  of the U.S.  KCS' rail
holdings and investments  are primary  components of a NAFTA Railway system that
links the  commercial and  industrial  centers of the United States,  Canada and
Mexico.

Headquartered  in Mexico City, Grupo TMM is Latin America's  largest  multimodal
transportation  company.  Through its branch  offices and network of  subsidiary
companies,   Grupo  TMM  provides  a  dynamic  combination  of  ocean  and  land
transportation services. Grupo TMM also has a significant interest in TFM, which
operates Mexico's Northeast railway and carries over 40 percent of the country's
rail cargo. Grupo TMM's web site address is www.grupotmm.com  and TFM's web site
is www.tfm.com.mx.

INCLUDED IN THIS PRESS RELEASE ARE CERTAIN FORWARD-LOOKING STATEMENTS WITHIN THE
MEANING OF SECTION 27A OF THE  SECURITIES  ACT OF 1933, AS AMENDED,  AND SECTION
21E OF THE  SECURITIES  EXCHANGE ACT OF 1934, AS AMENDED.  SUCH  FORWARD-LOOKING
STATEMENTS ARE BASED ON THE BELIEFS OF TMM'S AND KCS'S  MANAGEMENT AS WELL AS ON
ASSUMPTIONS  MADE. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE INCLUDED IN
SUCH FORWARD-LOOKING STATEMENTS.  READERS ARE CAUTIONED THAT ALL FORWARD-LOOKING
STATEMENTS INVOLVE RISKS AND UNCERTAINTY. FOR ADDITIONAL INFORMATION RELATING TO
SUCH  RISKS AND  UNCERTAINTIES,  READERS  ARE  URGED TO  REVIEW  TMM'S AND KCS'S
RESPECTIVE  FILINGS AND SUBMISSIONS WITH THE SECURITIES AND EXCHANGE  COMMISSION
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

IN CONNECTION WITH THE PROPOSED  TRANSACTION,  KCS WILL FILE RELEVANT  MATERIALS
WITH THE SECURITIES AND EXCHANGE COMMISSION ("SEC"),  INCLUDING AN AMENDED PROXY
STATEMENT SOLICITING  STOCKHOLDER APPROVAL OF CERTAIN ACTIONS IN CONNECTION WITH
THE TRANSACTION.  STOCKHOLDERS ARE URGED TO READ THE AMENDED PROXY STATEMENT, AS
WELL AS ANY AMENDMENTS AND  SUPPLEMENTS TO THE PROXY STATEMENT (IF AND WHEN THEY
BECOME  AVAILABLE) AND ANY OTHER RELEVANT  DOCUMENTS FILED WITH THE SEC, BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION.  STOCKHOLDERS AND
INVESTORS  MAY  OBTAIN  THE  AMENDED  PROXY  STATEMENT  AND ANY  OTHER  RELEVANT
DOCUMENTS  FREE OF  CHARGE  AT THE  SEC'S  INTERNET  WEB  SITE  AT  WWW.SEC.GOV.
STOCKHOLDERS  MAY ALSO OBTAIN FREE OF CHARGE THE AMENDED PROXY STATEMENT AND ANY
OTHER RELEVANT DOCUMENTS BY CONTACTING THE OFFICE OF THE CORPORATE  SECRETARY AT
KCS'S PRINCIPAL EXECUTIVE OFFICES AT (816) 983-1538.  WRITTEN REQUESTS SHOULD BE
MAILED TO P.O. BOX 219335,  KANSAS CITY,  MISSOURI  64121-9335  (OR IF BY UNITED
PARCEL SERVICE OR OTHER FORM OF EXPRESS DELIVERY TO 427 WEST 12TH STREET, KANSAS
CITY, MISSOURI 64105). SUCH AMENDED PROXY STATEMENT IS NOT CURRENTLY  AVAILABLE.
KCS AND ITS DIRECTORS AND EXECUTIVE OFFICERS MAY BE DEEMED TO BE PARTICIPANTS IN
THE  SOLICITATION OF PROXIES FROM KCS  STOCKHOLDERS  WITH RESPECT TO APPROVAL OF
CERTAIN ACTIONS IN CONNECTION WITH THE TRANSACTION.  INFORMATION REGARDING THESE
DIRECTORS AND EXECUTIVE OFFICERS AND THEIR BENEFICIAL OWNERSHIP INTERESTS IN KCS
CAN BE FOUND IN KCS'S PROXY  STATEMENT  ON SCHEDULE  14A,  FILED WITH THE SEC ON
APRIL 5, 2004, IN CONNECTION  WITH THE 2004 ANNUAL MEETING OF KCS  STOCKHOLDERS.
INVESTORS  MAY OBTAIN  ADDITIONAL  INFORMATION  REGARDING  THE INTERESTS OF SUCH
PARTICIPANTS BY READING THE AMENDED PROXY STATEMENT FILED IN CONNECTION WITH THE
TRANSACTION WHEN IT BECOMES AVAILABLE.