October 20, 2020 | Headlines, KCS, Quarterly Income
(Source: Freight Waves, October 16, 2020) CHATTANOOGA, Tenn. — Executives with Kansas City Southern are cautiously optimistic about rail volumes in 2021, with optimism for an economic recovery tempered by uncertainties related to the coronavirus pandemic. Full story:...
October 19, 2020 | Headlines, KCS, Quarterly Income
(Source: Reuters, October 16, 2020) NEW YORK — U.S. railroad operator Kansas City Southern’s quarterly revenue missed Wall Street estimates on Friday, as shipment volumes fell due to a pandemic-induced fall in service demand. Full story:...
October 16, 2020 | Headlines, KCS, Quarterly Income
(Source: Freight Waves, October 16, 2020) CHATTANOOG, Tenn. — Kansas City Southern’s third-quarter net profit rose 5.3% as a 16.7% decrease in operating expenses helped to offset a 12% decline in revenue. Net income in the third quarter of 2020 was $189.7 million, or...
October 14, 2020 | Headlines, KCS
(Source: Freight Waves, October 13, 2020) CHATTANOOGA, Tenn. — Héctor Pérez, CEO of Ford’s Mexico unit, said Monday the Mexican government should do more to stop ongoing railway blockades across the country. Full story: Freight Waves
October 7, 2020 | Headlines, KCS
(Source: Freight Waves, October 6, 2020) CHATTANOOGA, Tenn. — A railway blockade carried out by teachers and students in Mexico continues to strain commercial cargo movement from the Port of Lázaro Cárdenas, one of the country’s key seaports, according to an official...
September 28, 2020 | Headlines, KCS
(Source: Freight Waves, September 23, 2020) CHATTANOOGA, Tenn. — The U.S. Class I railroads say they’re ready to handle any influx of business that might occur at the U.S.-Mexico border as a result of nearshoring and shifting consumer patterns. Full story: Freight...
September 22, 2020 | Headlines, KCS
(Source: Argus Media, September 21, 2020) LONDON — Railroad lines in Mexico have been blocked by protesters during more than one-third of the year so far, delaying shipments of crude and metals crossing to and from the US, Kansas City Southern de Mexico president...
September 21, 2020 | Headlines, KCS, Quarterly Income
(Source: Kansas City Southern press release, September 18, 2020) KANSAS CITY, Mo. — Kansas City Southern (KCS) will release its third quarter 2020 financial results on Friday, October 16, 2020, before the opening of trading on the New York Stock Exchange. KCS will...
September 21, 2020 | Headlines, KCS
(Source: Freight Waves, September 20, 2020) CHATTANOOGA, Tenn. — Mexican farmers protesting water rights have blocked railway tracks across the country since Aug. 26, costing Mexico’s economy millions in delayed freight, according to trade officials. The dispute...
September 16, 2020 | Headlines, KCS
(Source: Supply Chain Dive, September 15, 2020) WASHINGTON, D.C. — Road and rail along the east-west artery of Interstate 10 is at high risk for disruption, and aftereffects from eastern Louisiana to Pensacola, Florida, may last several days depending on the extent of...
