August 4, 2020 | Headlines, KCS
(Source: Freight Waves, August 3, 2020) CHATTANOOGA, Tenn. — Two major infrastructure investment firms, Global Infrastructure Partners and the Blackstone Group’s infrastructure segment, are mulling over whether to attempt to acquire U.S. Class I railroad Kansas City...
August 3, 2020 | Headlines, KCS
(Source: Railway Age, July 31, 2020) NEW YORK — Two private equity firms are considering a takeover bid for Kansas City Southern, according to a report based on information from anonymous sources in the Wall Street Journal posted late afternoon on July 31, just before...
July 31, 2020 | Headlines, KCS
(Source: Laredo Morning Times, July 30, 2020) LAREDO, Texas — Just five months after submitting their application, Kansas City Southern’s presidential permit for a second international railroad bridge in Laredo was approved Wednesday. Full story: Laredo Morning...
July 29, 2020 | Headlines, KCS, UP
(Source: Supply Chain Dive, July 28, 2020) WASHINGTON, D.C. — Hanna, which made landfall in Texas as a hurricane Saturday night, moved west Monday, dumping up to a foot of rain in southern Texas and northern Mexico and slowing border crossings. Major northbound routes...
July 23, 2020 | CEO Pay, Headlines, KCS
(Source: Smarter Analyst, July 22, 2020) NEW YORK — Yesterday, the EVP & COO of Kansas City Southern, Jeffrey Songer, sold shares of KSC for $707,500.00. Full story: Smarter Analyst
July 22, 2020 | CEO Pay, Headlines, KCS
(Source: Smarter Analyst, July 21, 2020) NEW YORK — Today, the EVP & Chief Innovation Officer of Kansas City Southern, Brian Hancock, sold shares of KSU for $548.6K. Full story: Smarter Analyst
July 21, 2020 | Headlines, KCS, Quarterly Income
(Source: Supply Chain Dive, July 20, 2020) WASHINGTON, D.C. — Some of Kansas City Southern’s (KCS) metrics related to precision-scheduled railroading (PSR) metrics slipped in the second quarter compared to the first quarter, as volume began to return the...
July 20, 2020 | Headlines, KCS, Quarterly Income
(Source: Kansas City Southern press release (PDF), July 17, 2020) KANSAS CITY, Mo. — Kansas City Southern (KCS) reported revenues of $547.9 million, a decrease of 23% from second quarter 2019. Overall, carload volumes were down 21% compared to prior year. Second...
July 20, 2020 | Headlines, KCS
(Source: Freight Waves, July 17, 2020) CHATTANOOGA, Tenn. — Although the COVID-19 pandemic led to a 23% drop in revenue in the second quarter for Kansas City Southern, the operational changes the company made to cut costs are serving as the silver lining. Full story:...
July 20, 2020 | Headlines, KCS, Quarterly Income
(Source: Freight Waves, July 17, 2020) CHATTANOOGA, Tenn. — Kansas City Southern’s second-quarter revenue dipped 23% amid a 21% drop in carload volumes. Revenue in the second quarter of 2020 totaled $547.9 million, down 23% from the same period in 2019 as demand...
