KCS: 2019 “Exceeded Expectations”
Implementation of its own version of PSR (Precision Scheduled Railroading) helped Kansas City Southern post solid financials for fourth-quarter and full-year 2019.
Implementation of its own version of PSR (Precision Scheduled Railroading) helped Kansas City Southern post solid financials for fourth-quarter and full-year 2019.
WATCHING WASHINGTON, RAILWAY AGE JANUARY 2020 ISSUE: When Mexico’s President Porfirio Diaz lamented more than a century ago of his nation being “so far from God and so close to the United States,” he hadn’t contemplated the North American Free Trade Agreement (NAFTA), which demonstrably enhances efficiency, encourages innovation, increases consumer purchasing power, makes a wider assortment of goods available and raises standards of living.
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. In this interview with Railway Age Editor-in-Chief William C. Vantuono, Ottensmeyer talks about his efforts on behalf of the North American rail industry to support mutually beneficial trade and robust economic growth to help ensure that the rail industry has a voice, working with public- and private-sector leaders to strengthen bilateral commercial ties.
Being a fourth-generation railroader who served the industry for 52 years is pretty cool. Notching a Railway Age Railroader of the Year award kicks it up a notch. Being married for 54 years with three kids and nine grandkids, even more so. Enshrinement in the Railroad Hall of Fame? Check!
US Development Group, LLC (through wholly-owned affiliate USD) and Gibson Energy Inc. (Gibson) jointly announced this week an agreement to construct and operate a diluent recovery unit (DRU) near Hardisty, Alberta, Canada. ConocoPhillips Canada has contracted to process 50,000 barrels per day of inlet bitumen blend through the DRU to be shipped by Canadian Pacific and Kansas City Southern to the U.S.
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.
Kansas City Southern (KCS) recently announced that its 19th annual Holiday Express will distribute $170,450 to The Salvation Army at stops along the route to provide warm clothing and other necessities for kids in need this holiday season.
Kansas City Southern has completed global deployment and roll-out of a Cloud-based operational testing system from Bellevue, Wash.-based CloudMoyo (CM), a developer of artificial intelligence (AI) technologies for railroad operations, revenue and asset management, safety, crew scheduling and maintenance.
Kansas City Southern (KCS) has entered into accelerated share repurchase transactions (ASR Transactions) with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC for an aggregate amount of $550 million.
Kansas City Southern’s (KCS) Board of Directors recently approved a new capital allocation policy, under which it intends to deploy available cash in the following manner: approximately 40-50% to capital projects and strategic investments, and approximately 50-60% to share repurchases and dividends.