Syracuse University’s Whitman School of Management recently presented Kansas City Southern Executive Chairman Mike Haverty with the prestigious Harry E. Salzberg Memorial Program Medallion, which recognizes achievements in supply chain management.
Despite record revenue for the third quarter, Kansas City Southern earnings of $90 million, or 82 cents per share, fell from $99.8 million, or 91 cents per share, in the comparable quarter in 2011, due in part to a higher Mexican tax bill affecting its Kansas City Southern de Mexico operations.
With a 23% increase in intermodal revenue taking some of the sting out of 14% slump in revenue from utility coal, Kansas City Southern has reported second-quarter 2012 revenue of $545 million. That’s an increase of 2% over the second quarter of 2011.
Kansas City Southern has reported record first-quarter 2012 revenue of $548 million with carloads up 7% from first-quarter 2011.
Kansas City Southern Railway Company (KCSR) has taken out a $54.6 million Federal Railroad Administration-administered Railroad Rehabilitation and Improvement Financing (RRIF) Program loan to purchase 30 new General Electric ES44AC diesel-electric locomotives.
Kansas City Southern late Monday said it had notched record fourth-quarter revenue of $530 million, up 11% from the comparable quarter in 2010, while generating operating income of $150 million, up 11% from $135 million a year ago.
David L. Starling, President and Chief Executive Officer of Kansas City Southern, has been named 2012 Railroader of the Year by railroad industry trade journal Railway Age.
When the Santa Fe Railway and J.B. Hunt formed the first real train/truck partnership in the 1980s, it was a catalyst for the growth of the domestic intermodal industry. Doublestacking also dates
Mexico’s Federal Competition Commission (Cofeco) has fined two domestic rail companies a total of $27 million for monopolistic practices, according to Mexico City-based Reforma.com.