KCS COO to Headline AAR Virtual Research Review
The 26th annual event will feature projects driving innovation and the implementation of advanced technology to improve North American railroad operations.
Kansas City Southern
UP GHG Targets Greenlighted
The Science Based Targets Initiative (SBTi) has approved Union Pacific’s greenhouse gas (GHG) emissions reduction targets.
Railway Age’s 2021 ‘20 Under 40’
RAILWAY AGE, FEBRUARY 2021 ISSUE: Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.
KCS 4Q20: ‘Strong Quarter, Despite Challenges,’ Improved Outlook (Updated, Cowen)
Kansas City Southern reported Jan. 22 that fourth-quarter 2020 revenue fell 5% to $693.4 million vs. $729.5 million in the comparable 2019 quarter. This was based on lower volumes (3% decline) related to a 59-day service disruption at Lazaro Cardenas due to teachers’ protests; lower fuel surcharge; and fluctuations in foreign currency.
KCS, Partner to Develop Texas Logistics Park
Kansas City Southern (KCS) and NorthPoint Development will develop the Wylie Logistics Park—adjacent to the Class I railroad’s David L. Starling Wylie Intermodal Terminal—in the Dallas metropolitan area.
KCS Targets Greenhouse Gas Emissions
Kansas City Southern has submitted a letter to the Science Based Targets Initiative (SBTi) committing to setting a greenhouse gas emissions reduction target.
Railway Age Announces 2021 ‘Fast Trackers’ 20 Under 40 Honorees
Railway Age is honoring 20 “Fast Trackers” from a pool of more than 100 strong nominations for this year’s 20 Under 40 awards program.
Cowen 4Q20 Surveys: Rail Pricing, Car Orders Up Slightly, Say Shippers
Rail shippers in fourth-quarter 2020 expected price increases of 3.2% (up 10bps sequentially), and their sub-group of railcar buyers raised order expectations modestly, according to two surveys conducted by Cowen and Company analysts Jason H. Seidl (Managing Director and Railway Age Wall Street Contributing Editor), Matt Elkott and Elliot Alper.
BNSF, KCS: Giving Back to Local Communities
While BNSF and Kansas City Southern were unable to run their annual holiday trains this year due to the pandemic, they continued delivering donations to communities along their lines.
Alpenglow Rail Launches Texas Terminal
Englewood, Colo.-based Alpenglow Rail has opened a 51-acre rail terminal in Port Arthur, Texas. In August, the company acquired USA Rail, along with this terminal, which was under construction.