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.
Kansas City Southern’s 2017 sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” was created “to clearly communicate why our sustainability priorities are important to our business,” according to President and CEO Patrick J. Ottensmeyer.
Kansas City Southern is powering up ahead of expected growth in North American rail freight.
Kansas City Southern is expanding its energy-related U.S.-Mexico crossborder service.
Chris Aadnesen is retiring as Executive Chairman of the Georgetown Rail Equipment Company (GREX) board of directors, following a long and distinguished railroad industry career, 15 of them with GREX.