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Kansas City Southern reports third quarter 2009 earnings

(Kansas City Southern issued the following on October 29, 2009.) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE: KSU) reported third quarter 2009 revenues of $386.1 million compared with $491.5 million in the third quarter of 2008. While all commodity groups...

Thieves steal 37 cars from Mexican rail facility

(The Associated Press circulated the following on October 27, 2009.) TOLUCA, Mexico — Mexican authorities say a band of thieves swarmed into a railroad facility and held security guards at gunpoint while making off with three dozen new automobiles and trucks from a...

Railroads companies shares up at the close of trading

(The Associated Press circulated the following on October 19, 2009.) NEW YORK — Shares of some top railroads companies were up at the close of trading: Burlington Northern rose $.01 or percent, to $86.40. CSX rose $.07 or .1 percent, to $46.84. Canadian National rose...

Kansas City Southern declares preferred stock dividend

(Kansas City Southern issued the following on October 15, 2009.) KANSAS CITY, Mo. — The Executive Committee of Kansas City Southern’s (KCS) (NYSE: KSU) Board of Directors today declared a cash dividend of $12.8125 per share on the outstanding 5.125% Cumulative...

S&P upgrades Kansas City Southern outlook

(The following story by John D. Boyd appeared on The Journal of Commerce website on October 8, 2009.) WASHINGTON, D.C. — Kansas City Southern had predicted for months that finances for the rail company would improve after it wrapped up a costly track project near...

KCS to announce third quarter 2009 earnings on October 29

(Kansas City Southern issued the following on October 5, 2009.) KANSAS CITY, Mo. — Kansas City Southern (KCS) will release its financial results for third quarter 2009 on Thursday October 29, 2009, before the opening of trading on the New York Stock Exchange. KCS will...

Grupo Mexico, Kansas City Southern to reach accord on fees

(Bloomberg circulated the following story by Carlos Manuel Rodriguez and Andres R. Martinez on September 19, 2009.) NEW YORK — Grupo Mexico SAB, which operates the country’s largest rail company by track miles, said its rail unit may reach an agreement within “weeks”...

Ex-Kansas City Southern executive gets severance

(The following story by Randy Heaster appeared on the Kansas City Star website on September 14, 2009.) KANSAS CITY, Mo. — A senior officer who recently left Kansas City Southern received a year’s salary as severance. Scott E. Arvidson, Kansas City...