January 25, 2021 | Headlines, KCS
(Source: Freight Waves, January 22, 2021) CHATTANOOG, Tenn. — Kansas City Southern’s net profit for the fourth quarter of 2020 rose 30% over a year ago despite a 5% decline in revenue. Fourth-quarter 2020 net income was $165.7 million, or $1.80 per diluted share,...
January 25, 2021 | Headlines, KCS
(Source: Freight Waves, January 23, 2021) CHATTANOOGA, Tenn. — Kansas City Southern expects to execute the third phase of its version of precision scheduled railroading (PSR) this year in a bid to lower the company’s operating ratio (OR) to the mid-50s by 2022. Full...
January 25, 2021 | Headlines, KCS
(Source: Trains.com, January 22, 2021) KANSAS CITY. Mo. — Kansas City Southern, which reported fourth-quarter and full-year earnings growth today, expects revenue to grow at least 11% this year as cross-border petroleum and intermodal traffic continue to soar. Full...
January 25, 2021 | CSX, Headlines
(Source: Freight Waves, January 22, 2021) CHATTANOOGA, Tenn. — CSX is not only eyeing a volume recovery in 2021 but also a recovery from the coronavirus among its workforce. As COVID-19 cases spiked after Thanksgiving across the U.S., so too did the number of CSX...
January 25, 2021 | Headlines, KCS
(Source: Trains.com, January 22, 2021) KANSAS CITY, Mo. — The coronavirus pandemic has hit Kansas City Southern de Mexico particularly hard, with up to 15% of the railroad’s train crews out on leave due to COVID-19. On a typical day, about 5% of train crews systemwide...
