Anyone with doubts of the U.S. Class I railroad industry’s pricing power and improved efficiency, should look at the major carriers’ first quarter financials.
Kansas City Southern Railway
The Kansas City Southern Railway Company, the smallest U.S. Class I railroad, is owned by transportation holding company Kansas City Southern, headquartered in Kansas City, Mo. Kansas City Southern Railway is a primarily north-south line linking the central United States to Mexico, where it connects with Kansas City Southern de Mexico, S.A. de C.V., which is also owned by Kansas City Southern. KCS de Mexico serves northeastern and central Mexico, providing connections to the ports of Lázaro Cárdenas, Tampico and Veracruz.
Holding company KCS also has a 50 percent interest in Panama Canal Railway Co., which provides rail service along the Panama Canal.
In 2012, KCS had profit of $377.1 million on record revenue of $2.2 billion.
03 May 2013
Kansas City Southern has named Darin P. Selby its new vice president of energy markets and short line partner relations.
19 Apr 2013
Kansas City Southern reported profit in the first quarter of 2013 was $103.7 million, jumping 38.5 percent from $74.9 million in the first quarter of 2012.
08 Apr 2013
Kansas City Southern has partnered with CANACERO, the national chamber of the iron and steel industry in Mexico, to prepare for the growth of the Mexican steel industry and develop strategies for...
26 Feb 2013
Kansas City Southern’s U.S. transportation group has reorganized its management.
06 Feb 2013
Behind the headlines trumpeting the major North American railroads' robust profits, there are plenty of moving parts.
25 Jan 2013
U.S. shippers that fail to understand the booming Mexican economy risk losing out on tapping a new market and paying too much for cross-border transportation, said a Kansas City Southern Railway executive Thursday.
22 Jan 2013
Kansas City Southern reported income in the fourth quarter of 2012 was $91.8 million, dropping from $95.6 million in the fourth quarter of 2011.
18 Jan 2013
So much of major U.S. railroad volume this year depends on the weather.
16 Nov 2012
ANAHEIM, Calif. — The competition among ports in the U.S., Canada and Mexico for Asian cargo is not a zero-sum game, but rather a matter of each port capturing market share based on what it does best.
19 Oct 2012
Freight railroad company Kansas City Southern reported profit in the third quarter, ending Sept. 30, was $90.7 million, down 9.4 percent year-over-year from $100.1 million.
27 Sep 2012
Investors are scaling back their profit forecasts for several of the major U.S.-based railroads ahead of the release of their third quarter earnings next month, after the carriers saw sluggish growth
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Jun 5, 2013 2:00PM EDT