Thursday morning rail news: Report: Investment groups make new bid to buy Kansas City Southern Two investment groups have made a new offer to buy Kansas City Southern after a previous bid was rebuffed, the Wall Street Journal reports in a paywalled article. Details of the bid by Blackstone Group Inc. and Global Infrastructure Partners […]
KANSAS CITY, Mo. – The two infrastructure funds that are reportedly teaming up to acquire Kansas City Southern are no strangers to the railroad industry. Blackstone Group owned Chicago & North Western in the late 1980s and early 1990s. It also owned Great Lakes Transportation, a collection of former U.S. Steel transportation companies that included […]
Kansas City Southern has released specially painted SD70ACe No. 4009, saluting railroad and other essential workers. Kansas City Southern Monday afternoon rail news in brief: — Kansas City Southern has unveiled a locomotive saluting “the heroes throughout our network and beyond — especially railroad employees,” according to a Facebook post. SD70ACe No. 4009 wears a […]
More Friday rail news: — The Southeastern Pennsylvania Transportation Authority will resume regular service on most bus and trolley and some rail lines in the Philadelphia area as of Sunday, May 17, the agency has announced, with fare collection resuming Monday, May 18. Some stations will reopen; COVID-19 measures will remain in effect. Trolley route […]
KANSAS CITY, Mo. – Kansas City Southern reported higher-first quarter volume, revenue, and profits today but withdrew its outlook for the year in light of ongoing uncertainty related to the economic impact of the COVID-19 pandemic. KCS also scaled back this year’s capital spending plans by at least 10% due to anticipated volume declines, which are […]
Just as rail blockades end in one country, they resume in another. On the same day Canadian protestors in Quebec ended an almost month-long blockade [see “Trains News Wire Digest for Friday, March 6“], Kansas City Southern has informed customers that protests are once again disrupting operations on Kansas City Southern de Mexico, as well […]
The potential arrival of autonomous trucks will not wipe out the railroad industry, Kansas City Southern’s chief innovation officer says. “You have to assume railroads are not going to sit still,” KCS Executive Vice President Brian Hancock told an investor conference earlier this month. The path to automation is far easier for railroads than trucks, […]
Patrick J. Ottensmeyer, Kansas City Southern CEO TRAINS: David Lassen KANSAS CITY, Mo. — Kansas City Southern reported improved earnings for the fourth quarter as revenue grew despite a slight decline in traffic volume. Much of the financial improvement was due to the railroad’s shift to an operating plan based on Precision Scheduled Railroading, which […]
KCS CEO Pat Ottensmeyer TRAINS: David Lassen LOMBARD, Ill. — In a conference that — like most most rail gatherings these day — had a great deal of focus on PSR, Patrick Ottensmeyer was thinking and talking about PTC. That’s not to say Precision Scheduled Railroading wasn’t part of the Kansas City Southern CEO’s Wednesday […]
MONTERREY, Mexico — A Mexican railroad’s president is calling for protesters who block railroad lines to be thrown in jail. The call, from Kansas City Southern de Mexico’s President President Jose Zozaya comes in the wake of KCSdeM shutdowns at least a half dozen times this past year in the Mexican state of Michoacán. Shutdowns […]
MEXICO CITY — Kansas City Southern, rail company Ferromex, and bus company Autobuses de Oriente have already expressed interest in operating Mexico’s Maya train project, even though construction has not yet begun, according to Latin America business site BNamericas. The $6.3-billion project would build a 900-mile tourist route on the Yucatan Peninsula, connecting archaeological sites, […]
KANSAS CITY, Mo. — Kansas City Southern says it will require tank cars moving on its Mexican subsidiary to meet safety standards of the U.S. Department of Transportation and Transport Canada. Specifically targeted are Kansas City Southern de Mexico moves of high hazard flammable materials and substances that are toxic when inhaled, KCS officials say. […]
