Kansas City Southern

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Posted by sonny 04/01/2009 @ 06:07

Tags : kansas city southern, railroads, transportation, business

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It arrived for Cassel in the form of an offseason trade that sent him from the riches of the New England Patriots to the rubble of the Kansas City Chiefs. He goes from a team loaded with offensive weapons to a club in transition with the arrival of...
Kansas City Southern posts 1st-quarter loss - Forbes
AP , 04.30.09, 01:10 PM EDT Railroad operator Kansas City Southern on Thursday posted a loss, driven by $11 million in nonrecurring charges, a 15 percent decline in sales volumes and a decline in fuel surcharge revenue. The Kansas City-based company...
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In the past 30 years, most of them spent toiling quietly in Kansas City, he has become known as one of the most effective and dogged researchers on the topic, an indispensable resource on fascist and neo-nationalist movements around the globe....
KCS: AVP Selby takes on short-line relations; KCS and Ferrovalle ... - Progressive Rail Roading
Kansas City Southern and its US subsidiary Kansas City Southern Railway Co. (KCSR) recently named Darin Selby assistant vice president of coal and short line partner relations. He has served as AVP of sales and marketing for the coal business unit...
VENUE: McAfee Coliseum - CBSSports.com
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Weekly Sports League and Franchise Report - OurSports Central (press release)
America Basketball Association: The ABA has announced that new ownership will take over the Kansas City (MO) market for the 2009-10 season. The league's Kansas City Spartans franchise had been added for the 2008-09 season, but played a limited schedule...
Kansas City Southern reports directors elected at annual ... - Trading Markets (press release)
Stockholders also approved the selection of KPMG LLP as the company's independent accountants for the year ending 31 December 2009 and approved the Kansas City Southern 2009 Employee Stock Purchase Plan. A regular dividend of USD0.25 per share on the...
Kansas City Under 50-day MA - Zacks.com
Kansas City Southern (KSU) fell slightly in morning trade to drop below its 50-day moving average of $14.83. The consensus forecast on the company's full-year earnings is pegged at 94 cents per share while the most accurate estimate is more bearish at...

Kansas City Southern Railway

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The Kansas City Southern Railway (reporting mark KCS), owned by Kansas City Southern Industries, is the smallest and second-oldest Class I railroad company still in operation. KCS was founded in 1887 and is currently operating in a region consisting of ten central U.S. states. KCS also owns and indirectly operates Kansas City Southern de México in the central and northeastern states of México.

Kansas City Southern is headquartered in Kansas City, Missouri. Annual revenues as of 2007 were US$1.7 billion with 6,485 employees, and a market cap of roughly US$5 billion. As of first quarter 2008, KCS's CEO is Michael R. Haverty.

Kansas City Southern owns four subsidiary railroads: The Kansas City Southern Railway, Kansas City Southern de México, The Texas Mexican Railway Company, and The Panama Canal Railway Company.

Arthur Edward Stilwell began construction on the first line of what would become the Kansas City Southern Railway in 1887, in suburban Kansas City, Missouri. Together with Edward L. Martin, Stilwell built the Kansas City Suburban Belt Railway, which was incorporated in 1887 and began operation in 1890, serving the Argentine District in Kansas City, Kansas; Independence, Missouri; and the riverside commercial and industrial districts of Kansas City. While the Belt Railway was a success, Stilwell had a much bigger dream. Over the ensuing decade, the line grew through construction and acquisitions to become a through route between Kansas City and Port Arthur, Texas, with the final spike being driven north of Beaumont, Texas, on September 11, 1897, the Kansas City, Pittsburg and Gulf Railroad Company (KCP&G) was completed. In 1939, another mainline between Dallas and New Orleans, via Shreveport, Louisiana, was added through the acquisition of the Louisiana and Arkansas Railway (L&A). From 1940 to 1969, Kansas City Southern operated the Southern Belle passenger train between Kansas City and New Orleans, along with regular freight transportation . In 1962, under the name Kansas City Southern Industries, Inc (KCSI), the company was formally organized as it began to diversify its interests into other industries under the CEO William Deramus III.

The new KCSI focused primarily on the financials industry, along with the rail industry. In 1969, KCSI started the two largest companies that came out of the diversification, DST Systems (NYSE: DST) and Janus Capital Group (NYSE: JNS) which was know as Stilwell Financial at the time. DST Systems is a software development firm that specializes in information processing and management, with the goal of improving efficiency, productivity, and customer service. Janus Capital Group is a finance firm that provides growth and risk-managed investment strategies.

The core KCS rail system remained essentially the same until the 1990s, when the purchase of MidSouth Rail extended KCSI's reach eastward from Shreveport and into Mississippi and Alabama. This acquisition, combined with existing KCSI routes, created a key east-west mainline marketed as the Meridian Speedway. The main reason for the name "speedway" is that it is one of the fastest sections of track in the world; this is because the track is not only extremely straight, but it is also a double track, allowing two trains to move in opposite directions at the same time. An additional acquisition, the Gateway Western Railway, extended KCS's reach from Kansas City to St. Louis, Missouri, and to Springfield, Illinois.

The 1990s also saw KCSI extend its reach into Mexico, with the acquisition of partial interests in the Texas Mexican Railway (TM) and Grupo Transportación Ferroviaria Mexicana (TFM). TFM was created when Kansas City Southern Industries and Transportacion Maritima Mexicana (TMM) purchased a government concession to operate on a rail system in Mexico. It was the most sought after portion of the Mexican railroad concessions, called the Northeast Railroad, that was purchased by KCSI and TMM. The concession was also bid on by many other major companies, including the United State's largest railroad company, Union Pacific Railroad. KCSI and TMM bid on, and won, the concession for $1.4 Billion USD, paying 49% and 51%, respectively. TMM already partially owned the Texas Mexican Railway through a previous concession from the Mexican government. TM was particularly important to KCSI because they held the link from KCSI tracks to TFM tracks via trackage rights over the Union Pacific line. Shortly after acquiring the Mexican government's concession, KCSI entered into another joint venture to purchase a government concession. On 19 June 1998 the government of Panama turned over control of the Panama Railway to Kansas City Southern Railroad and the privately held Lanigan Holdings, LLC. This created the Panama Canal Railway Company (PCRC).

After these large capital outputs, KCSI needed new capital to improve the Mexican and Panamanian concessions they had purchased, and to continue to make capital expenditures in the future. To build this needed capital, KCSI spun off all assets that were not essential to the rail businesses. Doing this essentially paid off the purchase of their two existing concessions and freed up capital to improve them. The first major improvement that took place was in 2000 and 2001 when the PCRC upgraded the railway to handle large, intermodal shipping containers, along with passenger transport.

In 2002, the Kansas City Southern Industries formally changed its name to Kansas City Southern (KCS) after it had successfully spun off many subsidiary businesses that were not directly related to the railroad business (the largest of which were Janus Capital Group and DST Systems). In 2005, Kansas City Southern purchased TMM's share in TFM and TM, giving them full ownership of the companies. TFM was officially renamed 'Kansas City Southern de México, S.A. de C.V.. The Texas Mexican Railway withheld its original name and is a subsidiary of KCS.

The E. H. Harriman Award is an award for rail safety. KCSR has been consistently recognized for its employee safety record (in group B: line-haul railroads with between four and 15 million employee hours per year,) by the E.H. Harriman Memorial Awards Institute with a Gold Award in 2001, 2002, 2006 and 2007, Bronze Award in 2003 and 2004 and a Silver Award in 2005.

The following is a list of the executives heading KCS since 1889.

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List of cities served by Kansas City Southern

Kansas City Southern, is the parent company of many railroads and railroad related companies. KCS three main subsidiares are The Kansas City Southern Railway, Kansas City Southern de México, and The Panama Canal Railway Company. Together, the three railroads serve over 450 cities and towns.

Kansas City Southern Railway (KCSR), is the second oldest Class I railroad company still in operation. KCS was founded in 1887 and currently operates 3,226 track miles in a ten-state region of the United States, with major hubs including Kansas City, MO, Shreveport, LA, New Orleans, LA, and Dallas, TX. Among the Class I railroads, KCSR has the shortest route between Kansas City, the second largest rail hub in the country, and the Gulf of Mexico.

Kansas City Southern de México (KCSM) owns its own fleet and the rights to operate and maintain a rail system through a concession from the Mexican government. KCSM's rail system consists of 2,645 track miles in a 16 state region (including the federal district), which serves northeastern and central Mexico and the port cities of Lázaro Cárdenas and Tampico, among others.

The Panama Canal Railway Company (PCRC) is jointly owned by KCS and Panama Holdings, LLC of Hazelcrest, Illinois. PCRC provides ocean-to-ocean transshipment service between the Atlantic and Pacific oceans. The 47.6 mile railroad serves as an efficient intermodal line for world commerce and complements the existing transportation infrastructure provided by the Canal, the Colón Free Trade Zone and the Pacific and Atlantic ports. PCRC's wholly owned subsidiary, Panarail Tourism, offers luxury passenger service for business commuters, tourists and private charters.

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Kansas City Southern de México

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Kansas City Southern de México (KCSM), formerly Transportación Ferroviaria Mexicana (TFM), is the name of a company dedicated to freight transportation using rail in the North Eastern part of Mexico. KCSM is fully owned and operated by Kansas City Southern Industries, who owns its own fleet and the rights to operate and maintain a rail system through a concession from the Mexican government. The majority of the rail system spans from the Mexico City Valley to the United States border at Laredo, TX; there are also tracks that connect to the port cities of Lázaro Cárdenas and Veracruz, giving Kansas City Southern de Mexico a unique position because they connect both the Gulf of Mexico and the Pacific Ocean to the United States border.

Kansas City Southern de Mexico was originally formed in 1996 when Kansas City Southern Industries and Transportacion Maritima Mexicana (TMM) purchased a government concession to operate on a rail system in Mexico. It was the Mexican President, Ernesto Zedillo who proposed the privatisation of the Mexican railways because the Mexican railway system had fallen into a state of disrepair and needed drastic work to become profitable. Since the late 1930s, Mexican trains and tracks were property of the government as Ferrocarriles Nacionales de México (Mexican National Railways). The nationalized railroad operated successfully for many years, yet by the 1990s the system was so poorly run, that US railways would not even send rail cars into Mexico, for fear that they would not be returned. When the decision to privatize the railroad was made, only 15% of freight was moved by rail in Mexico (versus 42% in the US) even though the road system in Mexico is relatively poor.

The most sought after portion of the concessions, called the Northeast Railroad, was bid on by many major companies, including the United State's largest railroad company, Union Pacific Railroad. This concession contained about 4,000 km (2,500 mi) of track with connections to many key cities, including Monterrey, San Luis Potosi, Mexico City, and Laredo. This track carried 46% of all rail traffic in Mexico and 60% of all freight coming from the United States . KCSM and TMM bid and won the concession for $1.4 Billion USD for the rights to operate the concession, each paying 49% and 51%, respectively.

In 2005, Kansas City Southern Industries purchased Transportacion Maritima Mexicana's share in TFM, giving them full ownership of the company, and the TFM was officially renamed Kansas City Southern de Mexico, S.A. de C.V.. Today, KCSM consists of 2,661 miles (4,282.5 km) of track, serving northeastern and central Mexico and the port cities of Lazaro Cardenas, Tampico, and Veracruz among others.

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Source : Wikipedia