Railroad News

KCS unveils report on corporate sustainability efforts

Kansas City Southern yesterday released its 2014 Sustainability Report, which outlines the company's progress on social, environmental and economic topics.

Highlights of the report include the Class I’s efforts to improve safety and security, such as through the use of new technology that detects potential safety rules violations involving the inappropriate use of cell phones in locomotive cabs, as well as a new mobile security application that allows real-time reporting of events to enable faster response times when needed, the company said in a press release.

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KCS unveils mobile-friendly website

Kansas City Southern yesterday unveiled a new website for Kansas City Southern Railway Co. and Kansas City Southern de Mexico, S.A. de C.V. that is designed around customers' needs.

The new mobile-friendly site offers users new tools, resources and navigation to help them access information, company officials said in a press release.

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Kansas City Southern dedicates new Wylie intermodal terminal

Kansas City Southern (KCS) yesterday marked the dedication of its new intermodal terminal in Wylie, Texas. The $64 million terminal opened July 13 following 12 months of construction.

The terminal will serve intermodal customers' U.S. international and U.S.-Mexico cross-border shipments, KCS officials said in a press release.

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KCSR opens mechanical shop in Mississippi, completes largest-ever debt transaction

Kansas City Southern Railway Co. (KCSR) on July 21 held a ribbon-cutting ceremony to mark the opening of a mechanical facility in Pearl, Miss.

The state-of-the-art facility near Jackson will better accommodate the continued traffic growth expected through High Oak Yard, railroad officials said in an item posted on the "KCS News" web page.

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Decline in carload volume impacts KCS' profit in 2Q

Kansas City Southern reported second-quarter 2015 revenue fell 10 percent to $586 million compared with second-quarter 2014 results, as overall carloads at 537,200 units were 6 percent lower than a year ago, the company announced this morning.

The Class I's net income for the quarter totaled $112 million, or $1.01 per diluted share, compared with $130 million, or $1.18 per diluted share, a year ago. Excluding the impact of foreign exchange rate fluctuations and lease termination costs, adjusted diluted earnings per share for second quarter were $1.03 compared with $1.21 in 2014.

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