In its 2015 state of the railroad report, released to employees on Jan. 4, 2015, Kansas City Southern (KCS) said the company will see many of the same challenges in 2016 that it faced in 2015, creating a “cautious” outlook for the year ahead.
Top executives from three Class I railroads will be speaking at the 246th meeting of the Midwest Association of Rail Shippers (MARS) on Jan. 13–14, 2016, which will be held at Westin Lombard Yorktown Center in Lombard, Ill.
Kansas City Southern (KCS) announced Nov. 5, 2015 that its principal U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), will invest approximately $6.5 million in 2015 on rail and bridge improvement projects on its Vicksburg Subdivision. These projects will help grow capacity, as well as maintain and enhance safety on KCS’ cross-border network, the railroad said.
An operating ratio of 65.2% combined with diluted earnings per share of $1.20 resulted in a slightly improved third-quarter 2015 for Kansas City Southern (KCS), the railroad reported on Oct. 16, 2015.
Kansas City Southern (KCS) has published its annual Sustainability Report covering the company’s activities in 2014, the company reported Oct. 13, 2015. The report is now available on the railroad’s new customer-driven website www.kcsouthern.com in the Corporate Responsibility and Investors section. It highlights the company’s position and progress on social, environmental and economic topics.
Kansas City Southern (KCS) on July 30, 2015, celebrated the dedication of its new, state-of-the-art intermodal terminal in Wylie, Tex., with a ribbon-cutting ceremony that included the attendance of local public officials. After 12 months of construction, the more than $64 million terminal opened for operations on July 13.
A revenue decline in all but one commodity group, including a precipitous drop in energy revenue, resulted in a difficult second-quarter 2105 for Kansas City Southern, the railroad reported on June 17, 2014.
Kansas City Southern has named Brian D. Hancock, a veteran supply chain executive with experience in home appliances, trucking, fast food and discount consumer products, as Executive Vice President and Chief Marketing Officer.
Kansas City Southern’s (KCS) U.S. subsidiary, The Kansas City Southern Railway Company (KCSR) will invest approximately $15.6 million in 2015 on construction and improvement projects on the segment of the Pittsburg Subdivision line from Kansas City to Stotesbury, Mo., the company announced on May 12, 2015.