KCS promotes Adamiak, Gloria Marrufo
Kansas City Southern (KCS) announced two promotions within its Chemical & Petroleum and Industrial & Consumer commodity groups, with Ginger Adamiak and Yesica Gloria Marrufo receiving new leadership roles.
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 names Fahmy EVP PSR
Kansas City Southern, joining Class I contemporaries Union Pacific, Norfolk Southern, CSX, CN and Canadian Pacific in adopting one form or another of Precision Scheduled Railroading (PSR), has appointed Sameh Fahmy as Executive Vice President PSR, reporting to KCS President and CEO Patrick J. Ottensmeyer.
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.
Strong start to the year as carloads outgain intermodal
The U.S. Class I railroads started the New Year in impressive fashion, as freight and intermodal traffic notched solid gains for the week ending January 5.
Rising natural gas prices push coal volume to high mark
Carload freight, containers and trailers carried by U.S. railroads continued a strong year-end surge, according to the Association of American Railroads.
Late surge for US carload freight
Total U.S. rail traffic was 567,252 carloads and intermodal units for the week ending December 22, up 4.2% from the year-ago week.
Energy commodities lead carload data
Traffic on U.S. railroads was 568,941 carloads and intermodal units for the week ending December 15, up 3.9% compared with the same week in 2017.
Intermodal traffic takes up slack carload volume
For the week of December 8, U.S. weekly rail traffic was 570,225 carloads and intermodal units, up 3.1% from the same week in 2017.