A shareholder class action lawsuit has been filed against Kansas City Southern on behalf of purchasers of the common stock of KCS between Oct. 18, 2013, and Feb. 18, 2014.
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 — Kansas City Southern (KCS) reported first quarter 2011 revenues of $489 million, a 12 percent increase compared to the corresponding 2010 period. Overall, carload volumes were 7 percent higher than in first quarter 2010.
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
WASHINGTON — As an advocate for safety and a champion for change, Willie Sandoval, a boilermaker with Union Pacific Railroad in Fort Worth, Texas, was named the 2009 winner of the Harold F. Hammond Award.
KANSAS CITY, Mo. — Kansas City Southern reported first quarter 2010 revenues of $436.3 million, a 26% increase compared to the corresponding 2009 period. Double digit revenue improvements were experienced in each of the reported commodity groups led by Automotive with 76 percent improvement in revenues from a year ago. The other revenue improvements were 39 percent for Intermodal, 28 percent for Agriculture & Minerals, 25 percent for Chemical & Petroleum, 25 percent for Coal, and 22 percent for Industrial & Consumer Products. Overall, volumes improved 15 percent from a year ago and 2 percent from fourth quarter 2009. Operating