(Reuters circulated the following article on March 30.)
NEW YORK — Kansas City Southern Industries Inc. , a U.S. freight-hauling railroad, said on Tuesday it filed its 2003 financial report which reflects a $1 million increase to its previously reported net income of $11.2 million.
The Kansas City, Missouri-based holding group for freight-hauler Kansas City Southern Railway, said the adjustment in earnings primarily resulted from additional deferred tax adjustments at Grupo TFM, a Mexico entity in which it holds an equity stake.
Kansas City Southern also said it will seek renewed authority from the Mexican Competition Commission for the NAFTA Rail transaction, which proposed to put several railroads under common control.