Mexico has a freight railway system owned by the national government. However, the trains and the network are operated and managed by various private entities under concessions (charters) granted by the national government. Today, Mexico has service from eight concessionaire railway companies. Beyond Kansas City Southern de México, and Ferromex, are the smaller, but important Ferrosur, Ferrovalle, Coahuila-Durango, Ferrocarril Chiapas Mayab, Ferrocarril del Istmo and Ferrocarril Tijuana-Tecate.
Kansas City Southern de Mexico
As the U.S.-Mexico-Canadian trade agreement (USMCA) officially becomes the governing statute for commerce across North America, Marc Brazeau, President and Chief Executive Officer of the Railway Association of Canada (RAC), Iker de Luisa Plazas, Director General of Asociacion Mexicana de Ferrocarriles (AMF) and Ian Jefferies, President and CEO of the Association of American Railroads (AAR) issued the following statement:
Kansas City Southern (KCS) has released a 2019 sustainability data update to its sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” which shows the Class I railroad improved its U.S. and Mexico consolidated reportable train accident frequency ratio and consolidated reportable injury frequency ratio, and reduced its use of diesel fuel.
If I had a $100,000 for every time the rumor mill shouted out that Kansas City Southern was on the auction block, I’d be a multi-millionaire with a collection of exotic cars rivaling that of Jay Leno, and racing a Corvette C8.R in the IMSA Series, with my son Craig as crew chief. (I wouldn’t own a private railcar, because Amtrak wouldn’t want to haul it around the country, and if they did, they’d probably overcharge me. But that’s another story.)
RAILWAY AGE, JANUARY 2020 ISSUE: The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain.
WATCHING WASHINGTON, RAILWAY AGE JANUARY 2020 ISSUE: When Mexico’s President Porfirio Diaz lamented more than a century ago of his nation being “so far from God and so close to the United States,” he hadn’t contemplated the North American Free Trade Agreement (NAFTA), which demonstrably enhances efficiency, encourages innovation, increases consumer purchasing power, makes a wider assortment of goods available and raises standards of living.
The 57th annual recipient of Railway Age’s Railroader of the Year Award is Kansas City Southern President and Chief Executive Officer Patrick J. Ottensmeyer, a leader in positioning North American railroads as a critical part of the globally competitive, integrated supply chain. In this interview with Railway Age Editor-in-Chief William C. Vantuono, Ottensmeyer talks about his efforts on behalf of the North American rail industry to support mutually beneficial trade and robust economic growth to help ensure that the rail industry has a voice, working with public- and private-sector leaders to strengthen bilateral commercial ties.
Kansas City Southern (KCS) has entered into accelerated share repurchase transactions (ASR Transactions) with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC for an aggregate amount of $550 million.
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.
Despite some network issues, Kansas City Southern saw record revenues in the third quarter that, at $699 million, were 6% higher from a year ago.