KCS Announces $550MM ASR Program
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.
KCS
KCS Announces New Capital Allocation Policy
Kansas City Southern’s (KCS) Board of Directors recently approved a new capital allocation policy, under which it intends to deploy available cash in the following manner: approximately 40-50% to capital projects and strategic investments, and approximately 50-60% to share repurchases and dividends.
KCS Releases 2018 Sustainability Report
Kansas City Southern (KCS) recently released its 2018 sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” the highlight of which saw KCS “reduce its carbon footprint by reducing waste and energy usage through design and innovation and decreasing Scope 1 greenhouse gas emissions by utilizing fuel-reduction technologies and operational initiatives.”
KCS: Record 3Q19 Revenue
Kansas City Southern (KCS) reported record revenues of $747.7 million, an increase of 7% from third quarter 2018. Overall, carload volumes were flat compared to prior year.
KCS Announces Holiday Express Details
Kansas City Southern (KCS) recently announced the schedule for the 19th annual Holiday Express train, which plans to stop in 20 communities in five U.S. states on 25 dates and begins in late November.
KCS 2Q19: Volume flat, but revenues reach record
Kansas City Southern (KCS) posted record revenues of $714 million, a 5% yearly increase, for 2Q19 despite “flat volumes,” the company reported on July 19.
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.
KCS redefines two service metrics
In an effort to provide a more complete view of customer service and operational performance on its network, Kansas City Southern (KCS) has revised the definitions of two key service metrics—Operational Cars Online and Gross Velocity—that it uses to measure operating performance.
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 expands CloudMoyo to U.S.
Kansas City Southern announced on March 26 that it will expand the deployment of the CloudMoyo Crew Management tool (CCM) currently used in Mexico on KCSM to its U.S. operations.