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KCS to invest $200 million in Mexico

(The following appeared at CargoNewsAsia.com on January 31.) The Mexican unit of railroad company Kansas City Southern (KSU) plans to invest more than US$200 million in railway infrastructure in 2008. That sum, which the company intends to channel into equipment,...

KCS announces preferred dividends

(Kansas City Southern issued the following on January 25.) KANSAS CITY, Mo. — The executive committee of the board of directors of Kansas City Southern (KCS) (NYSE:KSU) has declared a cash dividend of $5.3125 per share on the outstanding 4.25% Redeemable Cumulative...

KCS rises on upgrade

(The Associated Press circulated the following on January 18.) NEW YORK — Shares of railroad operator Kansas City Southern rose Friday, as an analyst lifted his rating to “Outperform,” saying the stock is undervalued following a recent sell-off. BMO...

KCS announces appointment of new Associate General Counsel

(Kansas City Southern issued the following on January 7.) KANSAS CITY, Mo. — Kansas City Southern and its subsidiaries today announced the appointment of Leonard L. Wagner as associate general counsel. “With nearly 20 years of proven litigation experience,...

KCS freight trains derail

(The following report appeared on the Kansas City Star website on January 3.) KANSAS CITY — Two Kansas City Southern freight trains derailed Wednesday, sending 14 cars and their cargo of grain and lubricating oil off the tracks in western Louisiana. The accident...

KCS announces 4Q, year end earnings release

(Kansas City Southern issued the following on January 2.) KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) will release its financial results for fourth quarter and year end 2007 on Tuesday February 5, 2008, before the opening of trading on the New York Stock...

City makes offer for KCS bypass

(The following story by David Tewes appeared on the Victoria Advocate website on December 27.) VICTORIA, Texas — A deal could be in the works that might entice Kansas City Southern railroad to bypass Victoria. “I hate to put odds on it happening,” Victoria...

No amount of snow can chill the thrill of seeing Santa

(The following story by Jeff Martin appeared on The Examiner website on December 25.) BLUE SPRINGS, Mo. — Snow and rain can’t keep this train away. Pelted by snow that felt more like whipping sand, families stood in line on Main Street in Blue Springs Saturday...

Port Arthur port spends $2 million for 70.55 acres

(The following story by Heather Nolan appeared on The Beaumont Enterprise on December 19.) PORT ARTHUR – A $2 million land acquisition will give the Port of Port Arthur a substantial opportunity for expansion and more than double its size. Port executive...