September 10, 2020 | Headlines, KCS
(Source: Nasdaq.com, September 10, 2020) NEW YORK — According to a report published in The Wall Street Journal, Kansas City Southern has rejected a takeover offer from a group of investors. The offer from Global Infrastructure Partners and the infrastructure arm of...
September 9, 2020 | Headlines, KCS
(Source: Kansas City Southern press release, September 8, 2020) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that it would celebrate the 20th anniversary of its KCS Holiday Express program and partnership with The Salvation Army with a fundraiser to...
September 9, 2020 | Headlines, KCS
(Source: Freight Waves, September 8, 2020) CHATTANOOGA, Tenn. — As the coronavirus pandemic continues to disrupt international trade, Mexico stands to benefit from more companies moving manufacturing to North America, said Patrick Ottensmeyer, president and CEO of...
September 3, 2020 | Headlines, KCS
(Source: Bloomberg, September 2, 2020) NEW YORK — Blackstone Group Inc. and Global Infrastructure Partners (GIP) have made an offer to buy North American railroad operator Kansas City Southern, according to a person familiar with the matter. It’s unclear whether...
September 2, 2020 | FRA, Headlines, KCS
(Source: Progressive Railroading, September 1, 2020) A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit has vacated the Federal Railroad Administration’s (FRA) approval of Kansas City Southern’s certification program...
August 31, 2020 | Headlines, KCS, UP
(Source: Freight Waves, August 28, 2020) CHATTANOOGA, Tenn. — The nation’s Class I railroads expect to have service restored this weekend on tracks serving the ports and industrial facilities on the Gulf Coast between Houston and New Orleans. Hurricane Laura, packing...
August 26, 2020 | Headlines, KCS, UP
(Source: Supply Chain Dive, August 25, 2020) WASHINGTON, D.C. — As Tropical Storm Marco, which threatened the Gulf Coast yesterday, lost strength and fell apart, concern about Hurricane Laura grew. There is potential for a greater than 9-foot storm surge in the...
August 19, 2020 | Headlines, KCS, NS
(Source: Freight Waves, August 18, 2020) CHATTANOOGA, Tenn. — Freight railroads and the plastics industry have started to work together to address a side effect of North America’s booming plastics production: the dispersion of wayward plastic pellets in transit. Full...
August 13, 2020 | Headlines, KCS
(Source: Bloomberg News, August 12, 2020) NEW YORK — Kansas City Southern shares were already on a tear last week following news of a possible acquisition when a Spanish website reported that private equity firms would buy the railroad operator for a higher sum. But...
August 10, 2020 | CEO Pay, Headlines, KCS
(Source: Smarter Analyst, August 7, 2020) NEW YORK — Yesterday, the Senior VP – Human Resources of Kansas City Southern, Lora Cheatum, sold shares of KSU for $263.5,00. Following Lora Cheatum’s last KCS sell transaction on December 11, 2019, the stock climbed by...
