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Projects under way to upgrade rail crossings

(The following story by Michael Hotchkiss appeared on the Clarion Ledger website on May 7.) JACKSON, Miss. — As Jerry Brown leaves for work from his Bon Air Street home, he listens for a train horn that lets him know how his day will begin. Silence means he can...

KCS board declares quarterly preferred dividend

(KCS issued the following news release on May 5.) KANSAS CITY, Mo. — The Kansas City Southern (KCS) (NYSE:KSU) Board of Directors has declared a regular quarterly cash dividend of 25 cents per share on the outstanding 4% non-cumulative preferred stock of this...

Eighteen cars derail in Plano

(The Associated Press distributed the following article on May 3.) PLANO, Texas — Cleanup continues in Plano after 18 cars of a Kansas City Southern freight train derailed. No injuries were reported in yesterday’s accident. A Kansas City Southern statement...

KCS 1Q results reflect improved domestic performance

(Kansas City Southern issued the following news release on April 29.) KANSAS CITY, Mo. — Kansas City Southern reported operating income of $17.4 million in the first quarter of 2004, a substantial gain over the $6.8 million reported in the first quarter of 2003....

KCS declares cash dividend

(Kansas City Southern issued the following news release on April 22.) KANSAS CITY, Mo. — Kansas City Southern’s Executive Committee of the Board of Directors declared a cash dividend of $5.3125 per share on its outstanding 4.25% Redeemable Cumulative...

KCS tries to resolve dispute

(The following story by Randolph Heaster appeared on the Kansas City Star website on April 8.) KANSAS CITY, Mo. — Kansas City Southern and its Mexican rail partner, Grupo TMM, have agreed to suspend an arbitration process over the disputed sale of Mexico’s...

TMM, KCS rail agree to shelve TFM deal

(Reuters distributed the following article on April 6.) MEXICO CITY — Mexican transport firm TMM and U.S. rail firm Kansas City Southern have agreed to shelve a plan for TMM to sell to Kansas City Southern its stake in Mexico’s top freight railroad, TFM,...

KCS reports final 2003 earnings

(Kansas City Southern issued the following news release on March 30.) KANSAS CITY, Mo. — Kansas City Southern filed its Annual Report on Form 10-K with the Securities and Exchange Commission (SEC), and released its final earnings for the year ended December 31,...