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Kansas City Southern railroad profit falls

(The Associated Press circulated the following on January 28, 2010.) KANSAS CITY, Mo. — Freight railroad Kansas City Southern said Thursday that fourth-quarter profit and revenue fell, yet those declines have begun to narrow as the economy stabilizes. Revenue improved...

KCS posts fourth quarter 2009 operating results

(Kansas City Southern issued the following on January 28, 2010.) KANSAS CITY, Mo. — Kansas City Southern reported fourth quarter 2009 revenues of $406.8 million, a 4% decrease compared to the corresponding 2008 period. Sequentially, KCS showed continued revenue growth...

Kansas City Southern to retrofit five locomotives

(The following appeared on the Progressive Railroading website on January 19, 2010.) Later this year, Kansas City Southern Railway Co. (KCSR) plans to repower five GP40 locomotives at a diesel shop in Shreveport, La. The locomotives will be equipped with more...

KCS to release fourth quarter earnings info on January 28

(Kansas City Southern issued the following on January 15, 2010.) KANSAS CITY, M. — Kansas City Southern (NYSE:KSU) has announced that it will release its fourth quarter and full year earnings for fiscal 2009 on Thursday, January 28 before the opening of the New York...

KCS restructures operating department

(The following appeared on the Progressive Railroading website on January 12, 2010.) On Jan. 1, Kansas City Southern Railway Co. (KCSR) reorganized the transportation and mechanical departments to improve efficiencies and “front-line decision-making,” according to an...

Kansas City Southern begins debt buyback offer

(The following appeared on the Kansas City Star website on January 7, 2010.) KANSAS CITY, Mo. — Kansas City Southern has begun a tender offer to buy back up to $240 million of its debt. The railroad company said the offer to buy its 9.375 percent notes due in 2012...

KCS falls as UBS says takeover speculation “unhealthy”

(The following appeared at StreetInsider.com on January 7, 2010.) NEW YORK — Shares of rail company Kansas City Southern (NYSE: KSU) are down 4% today after analysts at UBS downgraded the stock, saying the 42% rally in the stock since Berkshire announced its...