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Kansas City Southern settles tax dispute

(The Associated Press circulated the following article on September 13.) CHICAGO — Shares of Kansas City Southern rose sharply Tuesday after the railroad company said it had settled a tax dispute with the Mexican government over a railway KCS bought earlier this...

KC Southern settles dispute with Mexico

(The following article by Randolph Heaster was posted on the Kansas City Star website on September 14.) KANSAS CITY — A long-standing dispute between Kansas City Southern and the Mexican government was settled Tuesday, giving the company full ownership of...

Kansas City Southern settles tax dispute with Mexico

KANSAS CITY — Kansas City Southern exchanged a Mexican tax refund of 13 billion pesos ($1.2 billion) for the government’s 20 percent stake in its Mexican rail unit, settling an eight-year legal dispute and driving up shares 13 percent. The value of the...

KCS reopens main line between Meridian and Jackson, Miss.

(Kansas City Southern issued the following news release on September 1.) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced that as of 10:00 p.m. CDT last night, August 31, The Kansas City Southern Railway Company’s (KCSR) Meridian Speedway line...

Truck derails KCS train

(The following article by Melissa DeLoach was posted on the Joplin Globe website on August 25.) NEOSHO, Mo. — An 18-wheeler wrapped around the engine of a northbound Kansas City Southern train Wednesday afternoon south of Neosho, triggering a derailment, fire...

Kansas City Southern quarterly loss increased

(The Associated Press circulated the following article on August 16.) KANSAS CITY, Mo. — Kansas City Southern Industries Inc. said Tuesday that a change in accounting for employee profit sharing at the railroad’s Mexican subsidiary will force the company...

KC Southern posts loss for quarter

(The following article by Randolph Heaster was posted on the Kansas City Star website on August 4.) KANSAS CITY — Citing costs related to buying control of Mexico’s largest railroad, Kansas City Southern posted a loss in the 2005 second quarter despite...

Kansas City Southern reports second quarter 2005 results

(Kansas City Southern issued the following news release on August 3.) KANSAS CITY, Mo. — Kansas City Southern today reported second quarter 2005 financial results, which included the consolidation of TFM’s results following the acquisition of control on...

KCS to report earnings Wednesday

(The Kansas City Star posted the following article on its website on August 2.) KANSAS CITY — Kansas City Southern will release its second quarter earnings report Wednesday morning prior to the opening of the New York Stock Exchange. The company’s senior...

Train cars derail; no leaks

(The Biloxi Sun Herald posted the following article on its website on July 26.) FORREST COUNTY, Miss. — Forrest County authorities responded to a train derailment in the county early Monday evening. Officials said the Kansas City Southern Railroad had a...