Kansas City Southern Railway
Kansas City Southern records profit in second quarter of 2009 PDF Print E-mail
Written by Kansas City Southern   
Saturday, 01 August 2025 21:24
KANSAS CITY, Mo. — Kansas City Southern (KCS) (NYSE:KSU) reported second quarter 2009 revenues of $341.3 million compared with $486.2 million in the second quarter of 2008. Revenues were impacted by a 19% decline in volumes, a continued result of the weak economic climate. The revenue decline was amplified by a 72% reduction in fuel surcharge revenue resulting from a drop in fuel prices and lower volumes. Each commodity group experienced revenue declines in the second quarter compared to a year ago. On a sequential basis, second quarter revenues were down just 1% from first quarter 2009 and carloadings were down 2% over the same time period.

Second Quarter Highlights

• EPS of $0.07 compared to $0.56 a year ago and $(0.08) in first quarter 2009
• Victoria-Rosenberg enhances cross border mainline service linking U.S. and Mexican industrial and consumer markets
• Generated $51 million from sale of common stock
• Operating expenses of $297.9 million, a decline of 22%
• Operating ratio of 87.3%, compared with 78.5% a year ago and 86.0% in first quarter 2009
Read more
Add comment (0)
Hits: 391
 
KCS seeks name for new Houston-to-Mexico intermodal service PDF Print E-mail
Written by Progressive Railroading   
Wednesday, 10 June 2025 00:00
In summer, Kansas City Southern plans to open a rehabilitated, cross-border Victoria-to-Rosenberg, Texas, line and a 100-acre intermodal terminal in Rosenberg. The Class I then will begin offering a new premium intermodal service between Houston and various Mexican destinations, including Monterrey, San Luis Potosi, Mexico City and Lazaro Cardenas.

In the meantime, KCS is seeking ideas from stakeholders — such as employees, customers and investors — to name the new service. KCS executives will select a winning name and announce it at an opening ceremony to be held sometime in summer.

"The branding of the new Houston-to-Mexico train service can be an important signal to our customers, employees and shareholders that we are serious about changing our philosophy toward becoming a first-class intermodal transportation provider,” said KCS President and Chief Operating Officer David Starling in an item posted on the “KCS News” Web site.

The rehabilitated line will shorten KCS’ cross-border route by about 70 miles and eliminate the need to operate over 160 miles of Union Pacific Railroad-owned track.

“This is an attractive corridor currently dominated by truckload carriers where no single-line, truck-competitive intermodal service exists today,” KCS officials said. “This project is key to the development of [our] International Intermodal Corridor and the railroad’s intermodal strategy.”
Read more
Add comment (0)
Hits: 407
Last Updated on Wednesday, 10 June 2025 11:15
 


Page 2 of 2

General Industry News

U.S. Class I workforce slips below 150,000 in Sept

The U.S. Class I workforce not only shrank for the second-straight month in...

One year later: is Metrolink safer now?

CHATSWORTH, Calif. — On Sept. 12, 2008, at precisely 16:22:23 (4:22 p.m.), ...

More in: General Industry News

AAR News

A healthy rail network critical to the nation's re

WASHINGTON, D.C. — Association of American Railroads President and CEO...

U.S. railroads continue to post weak carload, inte

WASHINGTON, D.C. — The Association of American Railroads today reporte...

More in: AAR News

Railroad Retirement Board News

No Railroad Retirement benefit increase in 2010; M

CHICAGO — Railroad retirement annuities, like social security benefits...

Buy-outs and Railroad Retirement benefits

CHICAGO — Railroad employees frequently ask the Railroad Retirement Bo...

More in: Railroad Retirement Board News

Federal Regulatory News

FRA to grant $115 million for rail construction

WASHINGTON, D.C. —
Funds Complement President Obama’s $8 Billion Dow...

NTSB announces 2010 Most Wanted List of Safety I

WASHINGTON, D.C. — The National Transportation Safety Board today issu...

More in: Federal Legislation and Regulation News

Your are currently browsing this site with Internet Explorer 6 (IE6).

Your current web browser must be updated to version 7 of Internet Explorer (IE7) to take advantage of all of template's capabilities.

Why should I upgrade to Internet Explorer 7? Microsoft has redesigned Internet Explorer from the ground up, with better security, new capabilities, and a whole new interface. Many changes resulted from the feedback of millions of users who tested prerelease versions of the new browser. The most compelling reason to upgrade is the improved security. The Internet of today is not the Internet of five years ago. There are dangers that simply didn't exist back in 2001, when Internet Explorer 6 was released to the world. Internet Explorer 7 makes surfing the web fundamentally safer by offering greater protection against viruses, spyware, and other online risks.

Get free downloads for Internet Explorer 7, including recommended updates as they become available. To download Internet Explorer 7 in the language of your choice, please visit the Internet Explorer 7 worldwide page.