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KCS updates 2019 sustainability report

Rail News Home Kansas City Southern 7/7/2020 Rail News: Kansas City Southern
image The railroad has updated its 2019 sustainability report entitled "For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet."Photo – KCS

Kansas City Southern in late June released an update to its 2019 sustainability report.

Safety statistics shared annually in sustainability reports now will include data from KCS’ Mexican operations, the update states. Titled "For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” the 2019 report now shows the Class I improved its consolidated reportable train accident frequency ratio by 26 percent and consolidated reportable injury frequency ratio by eight percent.

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KCS posts record Q1, pulls full-year forecast on pandemic concerns

Kansas City Southern today reported record revenue of $731.7 million for the first quarter, an 8 percent increase from first-quarter 2019. Overall carload volume rose 4 percent compared to the same period a year ago.

KCS officials said the Q1 revenue growth was led primarily by an 18 percent increase in its chemicals and petroleum business, which was boosted by higher refined fuel products and liquid petroleum gas shipments to Mexico.

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KCS to hike train speed near Barksdale Air Force Base

Rail News Home Kansas City Southern 4/6/2020 Rail News: Kansas City Southern
image Kansas City Southern will increase train speed from 20 mph to 49 mph on 1.8 miles of track between Benton Road Overpass and the west gate of Barksdale Air Force Base in Bossier City, Louisiana, by mid-May, the Class I announced late last week. The maximum speed will be raised incrementally, starting with 25 mph on April 12, followed by 30 mph on April 19; 35 mph on April 26; 40 mph on May 3; 45 mph on May 10; and 49 mph on May 17. The train speed increase on the track segment was made possible by the completion of a major track improvement project, KCS officials said in a press release.  

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KCS posts higher revenue, lower net income in Q4

Kansas City Southern today reported fourth-quarter 2019 revenue rose 5 percent to $729.5 million compared with the same quarter a year ago, driven primarily by increases in chemicals, petroleum and industrial and consumer products.

However, fourth-quarter net income declined year over year to $127.2 million, or $1.30 per diluted share, from $161.1 million, or $1.59 per diluted share.

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KCS recognized for corporate responsibility

Rail News Home Kansas City Southern 1/14/2020 Rail News: Kansas City Southern
image Kansas City Southern announced yesterday it has been included in Newsweek magazine's ranking of "America's Most Responsible Companies" and Investor's Business Daily magazine's "50 Best ESG Companies."The lists rank companies based on their corporate responsibility actions in the United States."KCS has a variety of social responsibility initiatives underway in the U.S. and Mexico that illustrate our belief that the way we do business is as important as the business we do, and that living the KCS values of safety, customer focus, communication, teamwork, initiative and innovation, and diversity and
civility creates a foundation for our growth and success," said KCS President and Chief Executive Officer Pat Ottensmeyer in a press release.Newsweek ranked KCS at No. 104 of 300 overall and No. 4 among travel, transport and logistics companies. The rank is voted on by more than 6,500 people and considers corporate responsibility measures for environmental, social and governance.Investor's Business Daily ranked KCS at No. 34 among companies with ESG ratings from MSCI ESG Research as of Sept. 11, 2019, which aims to help investors keep their values in sync with their investments.

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