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Canada raises alarm on Trump leaving Nafta

(Source: Bloomberg, January 10, 2018) WASHINGTON, D.C. — Canadian government officials said there’s an increasing likelihood U.S. President Donald Trump will give six-months’ notice to withdraw from Nafta, dragging down the loonie, yields on government bonds and...

Railroad stocks sink after Canada sees NAFTA risks rising

(Source: Bloomberg, January 10, 2018) WASHINGTON, D.C. — Shares of railroad and auto companies were among the biggest decliners after Canadian government officials said there’s an increasing chance that U.S. President Donald Trump will give six months notice to...

KCS COO Songer sells 3,000 shares of company stock

(Source: Stock News Times, January 1, 2018) NEW YORK — Kansas City Southern COO Jeffrey M. Songer sold 3,000 shares of the stock in a transaction that occurred on Thursday, December 7. The stock was sold at an average price of $111.80, for a total value of...

KCS 2017 capital program to be in $550-$560 million range

(Source: Railway Track & Structures, January 24, 2017) NEW YORK — Kansas City Southern will spend between $550-$560 million on it’s capital program in 2017, which is a four to five percent reduction from its 2016 capital program of $584 million. Full story:...

KCS may regret reliance on NAFTA

(Source: Slate, January 23, 2017) NEW YORK — Spare a thought for Kansas City Southern. One of America’s great railway companies, based in the heartland, it is the self-professed “NAFTA Railway”: Its network consists largely of railroads that reach deep into...

KCS stock could tumble if Trump ends NAFTA

(Source: Fortune, January 23, 2017) NEW YORK — Trump revealed on Sunday that he has already planned meetings with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto to renegotiate NAFTA, the 23-year-old trade pact between the U.S., Canada,...

Mexican peso’s slump weighs on KCS results

(Source: Reuters, January 20, 2017) CHICAGO — Kansas City Southern on Friday reported a lower quarterly net profit that missed Wall Street estimates by a wide margin as a historic drop in the Mexican peso after the election of President-elect Donald Trump affected the...

KCS reports 4Q, full year 2016 results

(Source: Kansas City Southern press release (PDF), January 20, 2017) KANSAS CITY, Mo. — Kansas City, Mo., January 20, 2017. Kansas City Southern (KCS) reported fourth quarter 2016 revenues of $599 million, unchanged from fourth quarter 2015. Overall, carload volumes...

KCS to release 4Q 2016 results on January 20

(Source: Kansas City Southern press release, January 6, 2017) KANSAS CITY, Mo. — Kansas City Southern (KCS) will release its financial results for fourth quarter 2016 on Friday, January 20, 2017, before the opening of trading on the New York Stock Exchange. KCS will...