Rail stocks slide following KCS outlook downgrade

Railroad stocks slid precipitously on Monday, March 23, 2015, pulling down the broader transport sector, after Kansas City Southern, citing the negative effects of lower oil prices and continued weakness in the Mexican peso, downgraded its full-year outlook.

Ottensmeyer appointed KCS president

Kansas City Southern Executive Vice President and Chief Marketing Officer Patrick J. Ottensmeyer has been appointed President, effective March 1, 2015, as part of the railroad’s succession planning process.

KCS logs record 4Q and full year revenue

Kansas City Southern on Friday, Jan. 23, 2015, said it had achieved record revenue results for both its fourth quarter and full year, as earnings per share exceeded Wall Street analyst expectations.

STB to weigh key trackage rights case

The Surface Transportation Board has decided, somewhat reluctantly, to thrash out a trackage rights dispute raised by a BNSF request to acquire “terminal trackage rights over a single track jointly owned by Kansas City Southern Railway Company and Union Pacific Railroad Company.”

KCS reports record 3Q revenue

Kansas City Southern on Friday, Oct. 17, 2014 reported third-quarter 2014 revenue of $678 million, up 9% from the third quarter of 2013. Carload volumes for the quarter were up 4% from the comparable quarter of a year ago, the company said. Both were at record levels, KCS said.

Maersk’s Hansen, Caterpillar’s Bozung join KCS

Erik B. Hansen, who has spent more than 25 years in leadership positions at A.P. Moller-Maersk and affiliated companies, has joined Kansas City Southern as Vice President Intermodal. Daniel B. Bozung, who has held positions in marketing, corporate public affairs, and supply chain management at Caterpillar, Inc., has joined KCS as Assistant Vice President Mechanical Operations.

KCSR reorganizes operating department

Kansas City Southern has made organizational changes within the operations department of its U.S. subsidiary, The Kansas City Southern Railway Company (KCSR).

KCS reports strong 2Q results

Kansas City Southern early Friday, July 18, 2014, reported higher second-quarter net income and revenue, which it said was powered by strong agriculture and automotive shipments.

KCS names Jarboe Vice President Mechanical Operations

Kansas City Southern has named Gary W. Jarboe Vice President Mechanical Operations for Kansas City Southern Railway (KCSR), closely coordinating with the leadership of Kansas City Southern de Mexico, S.A. de C.V. (KCSM). Jarboe, based in Kansas City, reports to Executive Vice President and Chief Operating Officer Dave R. Ebbrecht.

FRA’s Szabo views Siemens plant PTC work

Federal Railroad Administrator Joseph C. Szabo on Friday, May 30, 2014 toured a Siemens rail automation plant in Louisville, Ky., which is producing components for new Positive Train Control (PTC) systems.

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