“We view concerns around Kansas City Southern’s concession in Mexico as overblown. The exclusivity provision cannot be revisited until 2027 and the concession remains in effect for 20 years after that. Further, KSU is improving its operations via PSR, which should aid Mexico as reliable rail service is likely to be a necessity for the country as it grows its manufacturing base. Reiterate Outperform.”
As the U.S.-Mexico-Canadian trade agreement (USMCA) officially becomes the governing statute for commerce across North America, Marc Brazeau, President and Chief Executive Officer of the Railway Association of Canada (RAC), Iker de Luisa Plazas, Director General of Asociacion Mexicana de Ferrocarriles (AMF) and Ian Jefferies, President and CEO of the Association of American Railroads (AAR) issued the following statement:
Kansas City Southern (KCS) has released a 2019 sustainability data update to its sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” which shows the Class I railroad improved its U.S. and Mexico consolidated reportable train accident frequency ratio and consolidated reportable injury frequency ratio, and reduced its use of diesel fuel.
If I had a $100,000 for every time the rumor mill shouted out that Kansas City Southern was on the auction block, I’d be a multi-millionaire with a collection of exotic cars rivaling that of Jay Leno, and racing a Corvette C8.R in the IMSA Series, with my son Craig as crew chief. (I wouldn’t own a private railcar, because Amtrak wouldn’t want to haul it around the country, and if they did, they’d probably overcharge me. But that’s another story.)
Kansas City Southern (KCS) has appointed Manny Loureiro as Vice President and Chief Engineer with responsibility for the engineering departments in the U.S. and Mexico. He reports to KCS Executive Vice President and Chief Operating Officer Jeffrey M. Songer, and replaces Vernon “Buck” Jones, who plans to retire this summer after a 42-year career with the company.
Every year just before Christmas, Kansas City Southern runs its Holiday Express train, which in 2019 distributed more than $170,000 to The Salvation Army at 20 stops along its five-state route, providing warm clothing and other necessities for children in need. The train is prepared and staffed by volunteers. On April 13, KCS lost one them with the passing of volunteer Tillie Caileff of Shreveport, La.
Kansas City Southern (KCS) reported record revenues of $731.7 million, an increase of 8% from first quarter 2019. Overall, carload volumes were up 4% compared to prior year.
In this edition of the Rail Group on Air Special Podcast Series: The Coronavirus and the Rail Industry, Kansas City Southern President and CEO Pat Ottensmeyer and Executive Vice President and Chief
The Kansas City Southern (KCS) board of directors recently promoted Adam J. Godderz from General Counsel and Corporate Secretary to Senior Vice President – Chief Legal Officer and Corporate Secretary.
RAILWAY AGE, JANUARY 2020 ISSUE: The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain.
