KCS

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.

KC Southern responds to Mexican COFECE report

Kansas City Southern confirmed on March 21 that the Investigation Authority of the Mexican Federal Competition Commission (COFECE) published an excerpt of its preliminary report about its assessment of effective competition in the market of freight railway transportation services “regarding certain chemical and petrochemical products shipped in certain specific routes with an origin or destination in the southern region of the State of Veracruz.”

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.

Veteran power salutes veterans: KCS

In observation of Veterans Day (Nov. 12) in the United States, Kansas City Southern (KCS) unveiled 4006, a 13-year-old EMD SD70ACE based at the railroad’s Shreveport, La., Locomotive Shop, newly painted in a U.S. flag- and military-inspired scheme. KCS hosted a photo shoot with the locomotive and its Shreveport-based military active-duty and veteran employees.

KCS: Adamiak promoted to new post

Kansas City Southern on May 24 promoted Vice President Energy and Short Line Relations Ginger L. Adamiak to Vice President Energy, Industrial Development and Commercial Innovation, a new position. She reports to Executive Vice President and Chief Marketing Officer Brian D. Hancock.