Railroad News

KCS: Financial records in 2018, PSR in 2019

Today, Kansas City Southern reported record fourth-quarter revenue of $694 million, up 5 percent compared with the total in fourth-quarter 2017.

The Class I also registered record adjusted operating income of $248 million, up 4 percent, and record adjusted earnings per share of $1.56, up 13 percent  year over year. In addition, KCS’ operating ratio improved 0.9 points to 63.1, although the adjusted ratio inched up 0.3 points to 64.3.

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Kansas City Southern's Wochner to retire as SVP, chief legal officer

Kansas City Southern yesterday announced the retirement of W. James Wochner as senior vice president and chief legal officer, effective March 31, 2019.

In addition, Adam Godderz will be promoted from associate general counsel and corporate secretary to general counsel and corporate secretary for KCS and the Kansas City Southern Railway Co. on Jan. 1, 2019, company officials said in a press release.

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Kansas City Southern to kick off Holiday Express tour

Kansas City Southern's 18th annual Holiday Express will distribute a total of $171,756 in gift cards to The Salvation Army at stops along its route starting Nov. 21.

The holiday train will visit 22 communities on 27 dates, starting in Shreveport, Louisiana, and wrapping up Dec. 18 in Kansas City, Missouri. Other stops in other states include Mississippi, Texas, Arkansas, Oklahoma, Kansas and Illinois. A complete schedule is available on the KCS website.

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KCS reports record revenue despite a 'challenging' Q3

Kansas City Southern today reported record revenue of $699 million for the third quarter, a 6 percent increase over the same period in 2017.

Third-quarter net income rose to $174 million, or $1.70 per diluted share, from $129 million, or $1.23 per diluted share, a year ago.

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KCS, customs and border officials advance Secure Corridor strategy

KCS President and CEO Patrick Ottensmeyer (fourth from the right) helped open a secondary exam station in Laredo Aug. 10.Photo – Kansas City Southern

By Jeff Stagl, Managing Editor

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