Kansas City Southern

CSX (NASDAQ: CSX) says it's ready to handle not only an anticipated increase in carload volumes in the second half of the year but also meet the demand to move e-commerce goods, according to executives on the railroad's first-quarter 2021 earnings call late Tuesday afternoon. CSX noted that its...

Canadian railway CN (NYSE: CNI) has offered to acquire Kansas City Southern (NYSE: KSU) in a cash-and-stock transaction worth $33.7 billion, or $325 per share. CN rival Canadian Pacific (NYSE: CP) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion.  CN said Tuesday...

After a bumpy finish Friday, the road feels smoother as we start the final full week of Q1. This easy cruising might not last, however, with another appearance from Fed Chairman Jerome Powell on tap tomorrow.  Some positive vaccine news and a dip in Treasury yields provided early support,...

Kansas City Southern (NYSE: KSU) stock rose by 5.29% on Wednesday after a report by the Wall Street Journal suggested the company received a second takeover bid. What Happened: The uptick in stock price put the market valuation of KSU around $18.4 billion. Kansas City Southern has a rail...

An arbitration board has determined that Kansas City Southern (NYSE: KSU) can use Mexican nationals employed by the railroad to work a nine-mile stretch between the Mexican border and a rail yard in Laredo, Texas. In a majority vote, the Special Board of Adjustment ruled that Kansas City Southern...

The Class I railroads are considering retaining some of the measures they implemented to scale down operations as a result of the coronavirus pandemic, according to comments some executives have made at recent industry conferences. "I'm very confident that as we do add back resources, we will not...

Kansas City Southern (NYSE: KSU) might update its operating ratio targets and its anticipated revenue margin for 2020 next month, but any modifications will largely depend on how the U.S. responds to the coronavirus pandemic, executives said Tuesday at an investor conference. "We're going to need...

Kansas City Southern (NYSE: KSU) is considering what legal options it has available to challenge a report by a federal agency in Mexico claiming a lack of rail market competition to haul chemical and petrochemical products in the state of Veracruz. Kansas City Southern (KCS) has seen an excerpt of...

Kansas City Southern (NYSE: KSU) expects rail volumes and revenue to grow in 2020 amid service improvements and clarity on U.S. trade policy concerning North America. "I think the headline for our outlook for 2020 is that we expect it to be better than 2019 in terms of volume and revenue," said...

Net profit for Kansas City Southern (NYSE: KSU) slipped in the fourth quarter of 2019 compared to the prior year, but revenues were 5% higher amid increases for chemicals and petroleum and industrial and consumer products. Fourth-quarter net income was $127.2 million, or $1.30 diluted earnings per...

FreightWaves occasionally posts high-quality content from partner publications in the freight industry. Visit Railway Age for more great content like this. Kansas City Southern (NYSE: KSU) has completed the global deployment and rollout of a cloud-based operational testing system from Bellevue,...

Record revenues helped Kansas City Southern (NYSE: KSU) generate a 3% increase in third-quarter profit compared with the same period in 2018. Reported net income for the third quarter was $180.6 million, or $1.81/diluted share, compared with $174 million, or $1.70/diluted share in the third...

Kansas City Southern (NYSE: KSU) expects to leverage its operations in Mexico as U.S. and multinational companies take advantage of the country's 2013 energy reform and export crude oil to Mexico. KSU chief executive officer Pat Ottensmeyer said last week that his company was investing in building...

Kansas City Southern (NYSE: KSU) achieved record second quarter revenue despite flat volumes. The railroad said second quarter revenue totaled $714 million, a 5 percent increase from $682 million for the same period in 2018. A 19 percent increase in chemicals and petroleum revenues due to the...