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KCS 1Q profit almost doubles

(The Associated Press issued the following on April 24.) KANSAS CITY, Mo. — Railroad operator Kansas City Southern said Thursday its first-quarter earnings nearly doubled on strong pricing, higher shipment volumes and operational improvements. The company earned $32.9...

Workers rush to fix KCS line damaged in derailment

(The following story by Geoff Cornish appeared on the KOAM website on April 21.) PITTSBURG, Kan. — More than 30 Kansas City Southern train cars and an engine derailed in Newton County, Missouri near Saginaw overnight. The cars were empty grain cars. The tracks, part...

KCS declares preferred stock dividends

(Kansas City Southern issued the following on April 15.) KANSAS CITY, Mo. — The Executive Committee of Kansas City Southern’s Board of Directors today declared a cash dividend of $5.3125 per share on the outstanding 4.25% Redeemable Cumulative Convertible...

KCS looks to Mexico for growth

(The following appeared at CNN.com on April 10.) Railroad operator Kansas City Southern (KSU) cleared a 10-month base in huge volume on March 25. Since then, it has eased just below its 39.82 buy point 14 below-average weekly trade. Its Transportation-Rail industry...

KCS CEO sells shares

(The Associated Press circulated the following on April 4.) NEW YORK — The chairman and chief executive of railroad operator Kansas City Southern exercised options for 36,000 shares of common stock under a prearranged trading plan, according to a Securities and...

KCS downgraded to neutral by UBS

(The following appeared at TradingMarkets.com on April 4.) BOSTON — Kansas City Southern Friday was downgraded to neutral from buy at UBS, which said the stock has traded at or above its $40 price target during the past week. Analyst Randy Cousins said Kansas City...

KCS to build distribution center in southeast Texas

(The Associated Press circulated the following on April 2.) RICHMOND, Texas — Kansas City Southern plans to build a distribution center and railroad facility in Fort Bend County that could create up to 2,000 jobs in the region. An official with the railroad said the...

KCS projects transload program growth in the U.S., Mexico

(The following appeared on the Progressive Railroading website on March 31.) Kansas City Southern’s TransLoad Center (TLC) program continues to grow. Last year, U.S. TLC business at the Kansas City Southern Railway Co. (KCSR) increased 10 percent and Mexican TLC...