Genesis Energy, L.P. Develops Crude Oil Unloading Terminal Along RailAmerica’s Alabama & Gulf Coast Railway

August 26, 2012 Railfanning.org News Wire 1

JACKSONVILLE, Fla. — The Alabama & Gulf Coast Railway (AGR), a RailAmerica Inc. company, is now serving a new crude oil-unloading terminal developed by Genesis Energy L.P. The Walnut Hill, Fla., terminal, which started service on Aug. 13 is designed to receive approximately 100-car unit trains of crude oil via the AGR from various shale regions in the U.S. and Canada. After being transported in unit trains along the AGR, the crude oil will be off-loaded into fixed storage tanks and then injected into an existing Genesis Energy, L.P. pipeline for direct deliveries to one refinery customer and indirect delivery,

LaHood Announces $54.6 Million Loan for Kansas City Southern Railway for 30 U.S.-Made Locomotives

February 23, 2012 Railfanning.org News Wire 0

WASHINGTON – U.S. Transportation Secretary Ray LaHood announced a $54.6 million loan to Kansas City Southern Railway Company (KCSR) for the purchase of 30 new General Electric ES44AC locomotives.  These diesel-electric locomotives, built in Erie, Pennsylvania, will help KCSR meet increasing economic demand, and are more energy-efficient and produce significantly less carbon emissions than the locomotives they are replacing. “We are seeing President Obama’s commitment to rail boost manufacturing all across America,” LaHood said.  “This is the kind of investment in our transportation systems that creates jobs, boosts the economy and improves the flow of goods.” In addition to energy

Kansas City Southern Reports Fourth Quarter Revenues Increase 18 Percent

February 3, 2011 Railfanning.org News Wire 0

KANSAS CITY — Kansas City Southern reported fourth quarter 2010 revenues of $479 million reflecting continued improvement in economic conditions in the markets served. Sequentially, revenues recovered from third quarter 2010 which were negatively impacted by service disruptions caused by Hurricane Alex, the railroad said. Revenue growth was experienced across all commodity groups. Automotive revenues were up 41 percent over fourth quarter 2009 as a combination of strong pricing and new cross border vehicle routings benefitted the commodity group. Coal revenues increased 31 percent from a year ago on improved contract pricing which took effect at the beginning of 2010. Intermodal revenues were up 28 percent on a strong

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