KCS

KCS Joins Operation Clean Sweep

Kansas City Southern (KCS) has formally joined the global network of Operation Clean Sweep® (OCS)—the Plastic Industry Association and American Chemistry Council’s Plastics Division’s campaign to reduce pellet, flake and powder loss for greater product stewardship and environmental protection. OCS aims to reach all aspects of the plastics industry and is being adopted globally through the Global Declaration of Solutions to Marine Litter.

Cowen: “Concerns Around KSU’s Concession in Mexico Are Overblown”

“We view concerns around Kansas City Southern’s concession in Mexico as overblown. The exclusivity provision cannot be revisited until 2027 and the concession remains in effect for 20 years after that. Further, KSU is improving its operations via PSR, which should aid Mexico as reliable rail service is likely to be a necessity for the country as it grows its manufacturing base. Reiterate Outperform.”

Takeaways From Cowen’s 2Q20 Rail Shipper Survey

“Shippers expect rail price increases of 2.3%, up 40bps sequentially, above rail cost inflation, but well below the survey’s average. Economic expectations are all higher sequentially; some remain below the survey’s average while some are very positive indicators. With PSR cost-cutting, growth opportunities and the ability to capitalize on supply chain near-shoring, Kansas City Southern remains our top rail pick.”

KCS Updates 2019 Sustainability Report

Kansas City Southern (KCS) has released a 2019 sustainability data update to its sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” which shows the Class I railroad improved its U.S. and Mexico consolidated reportable train accident frequency ratio and consolidated reportable injury frequency ratio, and reduced its use of diesel fuel.

Loureiro to Replace Stalwart Jones as KCS VP, Chief Engineer

Kansas City Southern (KCS) has appointed Manny Loureiro as Vice President and Chief Engineer with responsibility for the engineering departments in the U.S. and Mexico. He reports to KCS Executive Vice President and Chief Operating Officer Jeffrey M. Songer, and replaces Vernon “Buck” Jones, who plans to retire this summer after a 42-year career with the company.