KCS

GE locomotive Kansas City Southern

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 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.