Kansas City Southern

KCS reports record 1Q2019 revenues, strong growth

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.

KCS’s Ottensmeyer U.S. Chairman, U.S.-Mexico Economic Council

The U.S. Chamber of Commerce (USCOC) has named Kansas City Southern President and CEO Patrick Ottensmeyer as U.S. Chairman of its U.S.-Mexico Economic Council (USMXECO). Ottensmeyer will preside over the U.S.-Mexico CEO Dialogue, which occurs twice annually, and he will oversee the Council’s extensive agenda of engagement with public- and private-sector leaders in the U.S. and Mexico in an effort to strengthen bilateral commercial ties.

KCS: Strong 4Q18, record 2018, higher capex in 2019

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.