Kansas City Southern (KCS) announced August 10th that its subsidiary, The Kansas City Southern Railway Company (KCSR), is investing approximately $13 million in 2016 on construction and improvement projects on its Greenville Subdivision.
Kansas City Southern (KCS) reported second quarter results on July 19. Revenues were $569 million, a decrease of 3% from second quarter 2015. Overall, carload volumes were unchanged compared to second quarter 2015. Excluding the estimated impacts of Mexican peso depreciation and lower U.S. fuel prices, revenue increased 2% compared to the second quarter of 2015.
Kansas City Southern (KCS) on April 19, 2016 reported a first quarter 2016 operating ratio of 66.6%, a 2.3-point improvement from 70.5% in first-quarter 2015. KCS also reported first-quarter 2016 revenues of $563 million, a decrease of 7% from first-quarter 2015.
Kansas City Southern (KCS) announced April 5, 2016 that its principal U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), will invest approximately $20 million in 2016 in construction and improvement projects on KCSR’s main line from Kansas through Missouri, Oklahoma, Arkansas and northwest Louisiana. This line segment is a key component of the KCS network.
Kansas City Southern (KCS) announced March 11, 2016 the promotion of Jeffrey M. Songer from Senior Vice President Engineering and Chief Transportation Officer to Executive Vice President and Chief Operating Officer. In addition to his responsibilities for transportation and engineering, he is now also responsible for the mechanical function. Songer reports to KCS President Patrick J. Ottensmeyer.
Kansas City Southern subsidiary Kansas City Southern Railway Company (KCSR) will invest approximately $5.6 million in 2016 in construction and improvement projects on its Shreveport Terminal Subdivision.
Kansas City Southern (KCS) on Jan. 22, 2016 reported fourth-quarter 2015 revenues of $598 million, a decrease of 7% from fourth-quarter 2014. Overall, carload volumes were 2% lower than in fourth-quarter 2014. Excluding the estimated impacts of Mexican peso depreciation and lower U.S. fuel prices, revenue was flat compared to the fourth quarter of 2014.
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.