Kansas City Southern (KCS) on April 17 reported record first-quarter 2019 revenues of $675 million, a 6% year-over-year increase on a 1% volume decline, based on adjusted operating income of $242 million. Its adjusted operating ratio was 64.2% compared to 65.8% the year prior. Adjusted diluted earnings per share were $1.54—18% higher than a year ago.
Kansas City Southern announced on March 26 that it will expand the deployment of the CloudMoyo Crew Management tool (CCM) currently used in Mexico on KCSM to its U.S. operations.
Kansas City Southern confirmed on March 21 that the Investigation Authority of the Mexican Federal Competition Commission (COFECE) published an excerpt of its preliminary report about its assessment of effective competition in the market of freight railway transportation services “regarding certain chemical and petrochemical products shipped in certain specific routes with an origin or destination in the southern region of the State of Veracruz.”
Kansas City Southern, joining Class I contemporaries Union Pacific, Norfolk Southern, CSX, CN and Canadian Pacific in adopting one form or another of Precision Scheduled Railroading (PSR), has appointed Sameh Fahmy as Executive Vice President PSR, reporting to KCS President and CEO Patrick J. Ottensmeyer.
Kansas City Southern (KCS) posted record revenues, adjusted operating income and adjusted earnings per share in 2018, but fell short of its own expectations for financial and operation performance, the company reported on Jan. 18. As well, it plans to increase capital investment in 2019 substantially, compared to 2018.
In observation of Veterans Day (Nov. 12) in the United States, Kansas City Southern (KCS) unveiled 4006, a 13-year-old EMD SD70ACE based at the railroad’s Shreveport, La., Locomotive Shop, newly painted in a U.S. flag- and military-inspired scheme. KCS hosted a photo shoot with the locomotive and its Shreveport-based military active-duty and veteran employees.
Kansas City Southern reported record second-quarter 2018 revenues of $682 million, an increase of 4% from 2Q17. Overall, carload volumes increased 1% compared to the prior year.
Kansas City Southern on May 24 promoted Vice President Energy and Short Line Relations Ginger L. Adamiak to Vice President Energy, Industrial Development and Commercial Innovation, a new position. She reports to Executive Vice President and Chief Marketing Officer Brian D. Hancock.
Kansas City Southern Railway Co. on March 30 responded to the Surface Transportation Board’s March 16 blanket letter requesting information on Class I railroad 2018 service outlooks.
The Association of American Railroads said U.S. rail traffic for the week ending February 10 was 519,545 carloads and intermodal units, up 1.6% from the same week a year ago.