Kansas City Southern – Page 6

FRA Grant Supports Highway-Rail Project in Vicksburg, Miss.

September 12, 2008 Railfanning.org News Wire

WASHINGTON — The City of Vicksburg, Miss., is receiving a $4.3 million grant from the Federal Railroad Administration (FRA) to make significant improvements where the Washington Street highway bridge crosses over Kansas City Southern Railway (KCS) tracks. The project involves constructing a tunnel for KCS trains above which the existing highway bridge will be removed and replaced with an at-grade roadway. As a result, heavy trucks can resume operating on Washington Street, KCS will straighten its right-of-way, and a new connector road will be built to accommodate the closure of the Lee Street highway-rail grade crossing. The City of Vicksburg

2007: A Strong Year For Railroad Safety

June 27, 2008 Railfanning.org News Wire

WASHINGTON — Last year was another strong year for safety on the nation’s railroads, with records being set in two key safety measurements while a third fell just shy of setting a record. “Over the years, the railroad industry has developed a strong safety culture,” said Edward R. Hamberger, president and CEO of the Association of American Railroads (AAR) at the annual E.H. Harriman Awards luncheon which honors railroads with the best employee safety records for the previous year. “Last year the train accident rate was the lowest in history,” he said. “So was the grade crossing accident rate. The

Rail Network Could Face Major Congestion in Coming Decades

May 30, 2008 Railfanning.org News Wire

WASHINGTON — Congestion on the nation’s rail network is expected to increase over the next two decades and could eventually pose a major problem, members of Congress warned. Since deregulation of the freight railroad industry in 1980, Class 1 freight ton-miles have increased 93 percent, while miles of track have decreased 40 percent, U.S. Rep. Corrine Brown, D-Fla., said. The U.S. Department of Transportation estimates that the demand for rail freight transportation will increase 88 percent by 2035, and their studies estimate that an investment of $148 billion in infrastructure expansion will be needed over the ext 28 years to

KCS Announces Tender Offer and Consent Solicitation

May 8, 2008 Railfanning.org News Wire

KANSAS CITY, Mo. — The Kansas Southern Railway Co. has commenced a cash tender offer for any and all of its $200 million aggregate principal amount of 9 1/2 percent Senior Notes due 2008 and a consent solicitation to amend the related Notes and indenture. The terms and conditions are set forth in the Offer to Purchase and Consent Solicitation Statement dated May 8. — PRNewswire-FirstCall

KCS Realigns Operations Team, Promotes Two

March 7, 2008 Railfanning.org News Wire

KANSAS CITY, Mo. — Kansas City Southern and its U.S. subsidiary, The Kansas City Southern Railway Co., announced the promotions of two employees and the realignment of its transportation divisions and leadership team. David R. Ebbrecht was promoted from assistant vice president network operations to vice president transportation, reporting to Scott E. Arvidson, executive vice president and chief operating officer. Jeff M. Crandall has moved from vice president transportation to vice president engineering, reporting to Jerry W. Heavin, senior vice president international engineering. Mitchell S. Whitmire was promoted from general director materials logistics to general manager locomotive operations, reporting to

KCS Announces the Appointment of Michael W. Upchurch as Senior Vice President Financial Management & Purchasing

March 6, 2008 Railfanning.org News Wire

KANSAS CITY, Mo. — Kansas City Southern announced the appointment of Michael W. Upchurch as senior vice president financial management and purchasing. Upchurch will direct The Kansas City Southern Railway Co. (KCSR) and advise Kansas City Southern de Mexico, S.A. de C.V. (KCSM) on all long-range planning, purchasing and internal audit matters. He will report to executive vice president and chief financial officer Patrick J. Ottensmeyer. “In addition to an extensive background in managing a broad array of financial functions for a major, international telecommunications company, Mike brings an impressive track record of change management, driving for results and leadership,”

KCS Announces the Appointment of Brian H. Bowers as Senior Vice President Intermodal & Automotive

March 3, 2008 Railfanning.org News Wire

KANSAS CITY, Mo. — Kansas City Southern announced the appointment of Brian H. Bowers as senior vice president intermodal and automotive. Bowers will direct The Kansas City Southern Railway Company (KCSR) and advise Kansas City Southern de Mexico, S.A. de C.V. (KCSM) on the sales and marketing of these business units. Bowers will report to executive vice president sales and marketing Daniel W. Avramovich. “KCS has a vast number of opportunities for business growth, especially in the NAFTA corridor and International Intermodal Corridor,” Avramovich said. “With 32 years of transportation leadership experience, Brian will play a critical role in helping

KCS Board of Directors Announce the Election of Henry R. Davis

February 28, 2008 Railfanning.org News Wire

KANSAS CITY, Mo. — Kansas City Southern said that Henry R. Davis of Mexico City, D.F., was elected as a member of the company’s board of directors by a unanimous vote of the current KCS board members at a meeting held Feb. 28 at the company’s headquarters in Kansas City, Mo. Davis was elected to fill a vacancy created by the resignation from the board of Arthur L. Shoener, KCS’ president and chief operating officer, who resigned in order to allow the company to increase the number of independent directors on its board without increasing the size of the board.

Fitch Upgrades Kansas City Southern de Mexico to ‘BB-‘

February 26, 2008 Railfanning.org News Wire

NEW YORK — Fitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of Kansas City Southern de Mexico, S.A. de C.V. (KCSM) to ‘BB-‘from ‘B+’. The Rating Outlook is Stable. Fitch has also upgraded to ‘BB-‘ from ‘B+’ the following senior unsecured obligations of KCSM: –US$165 million 7.375% senior notes due 2014: –US$460 million 9.375% senior notes due 2012; –US$175 million 7.625% senior notes due 2013. These rating actions reflect KCSM’s improving operating profile, increased financial flexibility and stronger liquidity over the past two years. Operating EBITDAR, defined as operating EBITDA plus KCSM’s locomotive and railcar

Revenue Growth, Operating Ratio Improvement and Record Operating Income Highlight Kansas City Southern’s Fourth Quarter and Full-Year 2007 Earnings

February 6, 2008 Railfanning.org News Wire

KANSAS CITY, Mo. — Kansas City Southern reported record fourth quarter 2007 revenues of $460.3 million, a 4.0 percent increase over the corresponding 2006 period. Revenue growth was primarily the result of a continued strong pricing environment as well as volume growth in some key commodity segments, the railroad said. For the quarter, new business was a significant contributor to a 12.0 percent revenue increase in chemical & petroleum. Led by increased volumes in Mexico, intermodal revenues grew by 11.6 percent. Also reflecting a strengthening Mexican base, automotive revenues grew by 6.2 percent. Coal revenues improved by 2.4 percent over