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Revenue growth, strong pricing highlight KCS 2Q earnings

KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) recorded second quarter 2007 revenues of $427.1 million, a 3.4% increase over second quarter 2006. The quarter-over-quarter revenue growth was primarily attributable to a continued strong pricing environment....

Man’s head cut off by KCS train

(The following story by Gabe Semenza appeared on the Victoria Advocate website on July 17.) VICTORIA, Texas — A man died early Monday morning when a train “chopped his head off” and severed one of his hands, a Victoria police officer said hours after the...

Rail analyst cuts 2Q earnings estimate for KCS

(The following report by Mark Davis appeared on The Kansas City Star website on July 10.) KANSAS CITY — Lighter rail traffic volumes in the second quarter led an industry analyst to cut his earnings estimates for Kansas City Southern this morning. Art W. Hatfield, who...

Railroads interrupted by heavy rains

(The following story by Randolph Heaster appeared on The Kansas City Star website on July 5.) KANSAS CITY — Recent heavy rains in the middle of the country have shut down portions of three major railroads south of Kansas City. Kansas City Southern, BNSF Railway and...

Railroad safety saves lives

(The following story by Scott Sims appeared on The Morning Sun website on June 27.) PITTSBURG, Kan. — Being stopped while driving your vehicle usually means the driver has done something wrong. Tuesday, local representatives of railroad companies and law enforcement...

Four former KCS workers awarded $2.2 million

(The following story by Dan Margolies appeared on the Kansas City Star website on June 26.) KANSAS CITY — An arbitration panel ordered a St. Petersburg, Fla., broker/dealer to pay $2.2 million to four former Kansas City Southern railroad workers after finding it had...

KCS seeks $100M FRA loan

(The following report by Randolph Heaster appeared on the Kansas City Star website on June 6.) KANSAS CITY — Kansas City Southern said Tuesday that it had applied for a $100 million federal loan to renovate one of its out-of-service Texas lines. The railroad is...

KCS’s Mexican division to offer $165 million in debt

(The following report appeared on the Kansas City Star website on May 14.) KANSAS CITY — Kansas City Southern today said its Kansas City Southern de Mexico SA de CV unit will offer $165 million in debt to institutional buyers. The railroad holding company said its...

KCS reports first quarter revenues up 5.9%

KANSAS CITY, Mo — Kansas City Southern (KCS) recorded first quarter 2007 revenues of $411.3 million, a 5.9% increase over first quarter 2006. The revenue growth was attributable to a continued strong pricing environment and carload growth in some of the company’s...