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KANSAS CITY. Mo. — Kansas City Southern, which reported fourth-quarter and full-year earnings growth today, expects revenue to grow at least 11% this year as cross-border petroleum and intermodal traffic continue to soar. “We feel very good about 2021 and beyond,” CEO Pat Ottensmeyer told investors and analysts on the railroad’s earnings call on Friday […]
KANSAS CITY, Mo. — The coronavirus pandemic has hit Kansas City Southern de Mexico particularly hard, with up to 15% of the railroad’s train crews out on leave due to COVID-19. On a typical day, about 5% of train crews systemwide mark off due to coronavirus on both sides of the border, KCS executives said […]
Thursday midday rail news: KCS, development firm to develop Wylie, Texas, logistics park Kansas City Southern and NorthPoint Development have announced plans to develop a 220-acre logistics park in Wylie, Texas, adjacent to the railroads’ David L. Starling Wylie Intermodal Terminal. The Wylie Logistics Park, in a northeastern suburb of Dallas, will have the potential […]
More Tuesday midday rail news: KCS announces challenge grant for Holiday Express fundraiser Kansas City Southern says its Holiday Express fundraiser benefiting the Salvation Army has raised $148,115, and is issuing a challenge grant to raise more. Railroad CEO Patrick J. Ottensmeyer said in a press release that to mark Giving Tuesday, “I am proud to announce […]
Tuesday morning rail news: Evacuation lifted around KCS derailment; cleanup continues The remaining evacuation area around last week’s Kansas City Southern derailment in Mauriceville, Texas, was lifted Monday night, and local elementary and middle schools will return to class today. KBMT-TV reports that only three houses had remained inside the evacuation area before two railcars of hazardous […]
More Friday morning rail news: Evacuation area reduced around KCS wreck; schools stay closed, power restored The evacuation area around Thursday’s Kansas City Southern derailment in Mauriceville, Texas, was reduced Thursday night, although some residents remained out of their homes because of five tank cars that were breached in the accident. The Beaumont Enterprise reports that four […]
Schools and residents within a 1-mile radius have been evacuated after a Kansas City Southern train derailed this morning near Mauriceville, Texas. The Beaumont Enterprise reports hazardous materials teams along with officers from the Orange County Sheriff’s Office and the Department of Public Safety. No injuries have been reported. The derailment was first reported about 10 a.m. […]
Thursday morning rail news: Report: Investment groups make new bid to buy Kansas City Southern Two investment groups have made a new offer to buy Kansas City Southern after a previous bid was rebuffed, the Wall Street Journal reports in a paywalled article. Details of the bid by Blackstone Group Inc. and Global Infrastructure Partners […]
KANSAS CITY, Mo. – The two infrastructure funds that are reportedly teaming up to acquire Kansas City Southern are no strangers to the railroad industry. Blackstone Group owned Chicago & North Western in the late 1980s and early 1990s. It also owned Great Lakes Transportation, a collection of former U.S. Steel transportation companies that included […]
Kansas City Southern has released specially painted SD70ACe No. 4009, saluting railroad and other essential workers. Kansas City Southern Monday afternoon rail news in brief: — Kansas City Southern has unveiled a locomotive saluting “the heroes throughout our network and beyond — especially railroad employees,” according to a Facebook post. SD70ACe No. 4009 wears a […]
More Friday rail news: — The Southeastern Pennsylvania Transportation Authority will resume regular service on most bus and trolley and some rail lines in the Philadelphia area as of Sunday, May 17, the agency has announced, with fare collection resuming Monday, May 18. Some stations will reopen; COVID-19 measures will remain in effect. Trolley route […]
KANSAS CITY, Mo. – Kansas City Southern reported higher-first quarter volume, revenue, and profits today but withdrew its outlook for the year in light of ongoing uncertainty related to the economic impact of the COVID-19 pandemic. KCS also scaled back this year’s capital spending plans by at least 10% due to anticipated volume declines, which are […]
