Articles from Kansas City Southern

Canadian Pacific (TSX: CP) (NYSE: CP) (“CP”) and Kansas City Southern (“KCS”) said today the U.S. Surface Transportation Board (“STB”) issued a decision approving the CP and KCS joint merger application, subject to certain conditions, thereby authorizing the two railways to combine to form Canadian Pacific Kansas City (“CPKC”), the first single-line railway connecting the U.S., Mexico and Canada.

Kansas City Southern (KCS) is deeply saddened at the passing of former President and Chief Executive Officer David L. Starling.

Kansas City Southern (KCS) announced today that the 22nd KCS Holiday Express program raised over $215,000 to benefit The Salvation Army in 20 communities in eight states where the KCS Holiday Express train stopped this year. In addition, after a two-year hiatus due to the pandemic, almost 48,000 visitors were welcomed to the train in free public events.

Kansas City Southern (KCS) announced today that its Shreveport, La. operation has been International Organization for Standardization (ISO) certified for 14001 (Environmental) and 45001 (Occupational Health and Safety).

Kansas City Southern (KCS) recently announced the first return to the rails of the KCS Holiday Express train since the start of the pandemic in 2020. In addition, the KCS Holiday Express project continues the tradition of charitable giving to The Salvation Army. To date this year, the project has raised almost $150,000 for this cause. KCS is now issuing a challenge grant to raise even more.

Today, Kansas City Southern (KCS) ceremonially broke ground on both sides of the new International Railroad Bridge spanning the Rio Grande from Laredo, Texas, to Nuevo Laredo, Tamaulipas. This new bridge will be constructed alongside the existing bridge and is estimated for completion by year-end 2024.

Kansas City Southern (KCS) announced today the introduction of KCS Certified Premier Sites. These sites are larger, shovel-ready sites that are certified and pre-approved for rail service.

Kansas City Southern (KCS) announced today the first return to the rails of the KCS Holiday Express train since the start of the pandemic in 2020. This year, the festive, six-car holiday train with intricate displays inside and out will bring Santa Claus and his elves to visit children and families in 20 communities in eight states. See the full schedule here. In addition, the KCS Holiday Express project will continue its tradition of charitable giving to The Salvation Army.

Kansas City Southern (KCS), Canadian Pacific (TSX: CP) (NYSE: CP), GATX (NYSE: GATX), Monterrey Metropolitan Rotary Club (Rotary) and NASCO today announced the launch of the Save the Monarch Butterfly 60,000 Tree Challenge North American Boxcar Tour to raise $100,000 USD. The funds raised will be used to plant 60,000 oyamel trees at El Rosario Monarch Butterfly Sanctuary in Michoacán, Mexico to help reestablish the monarch population. This past week, the Monarch Mariposa Boxcar rolled out of the GATX shop in Hearne, Texas.

Kansas City Southern (KCS) has released a 2021 sustainability data update to its sustainability report, “For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet.” The report is available in the Sustainability Report section of www.kcsouthern.com.

Kansas City Southern (KCS) and its affiliate Kansas City Southern de México, S.A. de C.V. (KCSM) announced today that KCSM has reached an agreement with the Mexican Ministry of Infrastructure, Communications and Transportation (SICT) to fund a new investment in the Celaya-NBA Line Railway Bypass and other infrastructure in an amount not to exceed $4 billion pesos.

Kansas City Southern (KCS) announced today that the 21st anniversary KCS Holiday Express program in partnership with The Salvation Army has raised over $280,000 to benefit The Salvation Army in 21 communities on the U.S. rail network. Those communities include Kansas City and Slater, Mo.; East St. Louis, Ill.; Pittsburg, Kan.; Ashdown and Mena, Ark.; Poteau and Stilwell, Okla.; Houston, Laredo, Port Arthur, Victoria and Wylie, Texas; Baton Rouge, DeQuincy, Gonzalez and Shreveport, La.; and Corinth, Jackson, Meridian and Vicksburg, Miss.

Kansas City Southern (NYSE: KSU) (“KCS”) today announced the completion of its sale to Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”). The transaction represents an enterprise value of approximately USD$31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash for each share of KCS common stock held and $37.50 in cash for each share of KCS preferred stock held.

Kansas City Southern (KCS) (NYSE: KSU) announced today that the company has been notified that our CDP climate change disclosure, submitted earlier this year, earned a score of A- for 2021. This is an improvement from KCS’ 2020 score and moves KCS to the “Leadership Level” category of participating companies. CDP disclosures are submitted by corporations around the globe to measure their actions to cut emissions and mitigate climate change risks.

Kansas City Southern (NYSE: KSU) (“KCS”) announced that the Company’s stockholders have voted to approve the previously announced combination with Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) at today’s virtual Special Meeting of Stockholders (“Special Meeting”). Of the 64.5 million shares voting at the Special Meeting, approximately 99.6% were cast in favor of the adoption of the proposed merger agreement.

Kansas City Southern (KCS) (NYSE: KSU) announces that it achieved record daily average grain carloads in Nov., 2021, exceeding the previous record for daily average grain carloads set in Oct., 2021. KCS achieved this record by delivering all-time low cross-border grain shuttle train cycle times.

Kansas City Southern (KCS) (NYSE: KSU) announced in September that it would celebrate the 21st anniversary of its KCS Holiday Express program with a fundraiser to benefit The Salvation Army in 21 communities on its U.S. rail network. To date this year, the KCS Holiday Express project has raised nearly $120,000 for this cause. The company is now issuing a challenge grant to raise even more.

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the Surface Transportation Board (“STB”) has accepted the joint CP-KCS merger application as complete.

Kansas City Southern’s (KCS) (NYSE:KSU) Board of Directors on November 5, 2021 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on January 18, 2022 to preferred stockholders of record at the close of business on December 31, 2021.

Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the Company has scheduled a virtual Special Meeting of Stockholders (“Special Meeting”) to vote on the proposed combination with Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP”) on December 10, 2021 at 10 a.m. Eastern Time (9 a.m. Central Time). All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on October 14, 2021, will be entitled to vote their shares at the Special Meeting.

Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced they have jointly filed a railroad control application with the Surface Transportation Board (“STB”) regarding the proposed transaction to create Canadian Pacific Kansas City (“CPKC”), the only single-line railroad linking the United States, Mexico and Canada.

Kansas City Southern (KCS) (NYSE: KSU) announced today a collaboration with Suministros Industriales Potosinos SA de CV (SIPSA) and TransDevelopment Group (TDG) to develop the Central Bajío Vehicle Distribution Center, a state-of-the-art origin and destination terminal for the shipment of finished vehicles. Strategically-located on the KCS main line, and developed, owned and operated by SIPSA and TDG, the VDC will serve the rapidly-growing Bajío region and strong Mexico City area demand.

Kansas City Southern (KCS) (NYSE:KSU) reported revenues of $744.0 million, an increase of 13% from third quarter 2020. Overall, carload volumes were down 3% compared to prior year primarily due to the following commercial impacts:

Kansas City Southern (KCS) (NYSE: KSU) announced today that Sameh Fahmy, executive vice president precision scheduled railroading will leave the Company by year end. During his tenure at KCS, which began in January 2019, Mr. Fahmy led the Company through its transformational implementation of Precision Scheduled Railroading (PSR). Under his leadership, the KCS team produced strong and sustainable results including:

Kansas City Southern (KCS) (NYSE: KSU) announced today that it has engaged Commtrex to enhance the visibility and connectivity of the KCS network’s over 100 transload facilities in the U.S. and Mexico using the Commtrex platform. The new relationship comes at a time of increasingly complex and volatile global supply chains, capacity constraints, labor shortages, rising transportation costs, as well as growing trade throughout North America due to the United States-Mexico-Canada Agreement.