Kansas City Southern today reported fourth-quarter 2020 revenue declined 5% to $693.4 million compared with $729.5 million during the same period in 2019.
KCS officials attribute the decrease primarily to lower volumes related to a service interruption in Mexico due to teachers protests, lower fuel surcharge and fluctuations in foreign currency.
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The master planned park will offer 2.4 million square feet of potential building capacity for traditional warehousing and distribution.Photo – Kansas City Southern/YouTubeKansas City Southern has entered into a joint agreement with NorthPoint Development to develop Wylie Logistics Park in Wylie, Texas, adjacent to the Class I's David L. Starling Wylie Intermodal Terminal.
The master planned park will offer 2.4 million square feet of potential building capacity for traditional warehousing and distribution; industrial grade amenities; dual feed electrical system with redundant power; as well as a heavy-haul network with access to the interstate system, air, ports and a state-of-the-art intermodal terminal.
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By committing to the SBTi, KCS is building on steps already taken to lower its greenhouse gas emissions.Photo – kcsouthern.comKansas City Southern has submitted a commitment letter to the Science Based Targets Initiative (SBTi) pledging to set a science-based greenhouse gas emissions reduction target.
The science-based target will align with what climate scientists say is needed to meet the Paris Agreement goal of limiting global warming to well below 2 degrees Celsius above pre-industrial levels, KCS officials said in a press release.
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$277,000 to benefit The Salvation Army in 20 communities on the Class I's U.S. rail network. Over the past 20 years, the charitable component of the KCS Holiday Express project has raised over $2.3 million.Photo – kcsouthern.comKansas City Southern announced today that its KCS Holiday Express program raised over $277,000 to benefit The Salvation Army in 20 communities on the Class I's U.S. rail network.
Over the past 20 years, the charitable component of the KCS Holiday Express project has raised over $2.3 million, which was donated to The Salvation Army at each scheduled train stop to help provide warm clothing and other necessities for children in need in local communities. This year's Holiday Express Train stops were canceled due to the COVID-19 pandemic, but the fundraiser continued.
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Although this year's train trip was canceled due to the COVID-19 pandemic, the fundraising element of the Holiday Express program continues.Photo – donate.salarmymokan.orgKansas City Southern's Holiday Express project so far this year has raised $148,115 in a fundraiser to benefit The Salvation Army in 20 communities on the Class I's network.
KCS officials announced in September that the company would launch the fundraiser to mark the Holiday Express program's 20th anniversary. Yesterday, the company issued a challenge grant to raise even more, KCS officials said in a press release.
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