Kansas City Southern Reports Third Quarter Results
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 Announces EVP Precision Scheduled Railroading Sameh Fahmy Will Leave the Company
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 Engages Commtrex to Boost Supply Chain Efficiencies with Platform Connecting Shippers to U.S.-Mexico Transload Network
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.
KCS Announces Third Quarter 2021 Earnings Release and Conference Call Time
Kansas City Southern (KCS) (NYSE:KSU) will release its third quarter 2021 financial results on Tuesday, October 19, 2021, before the opening of trading on the New York Stock Exchange.
These Are The 10 Most Profitable Companies In Missouri
(MENAFN - ValueWalk) Missouri's economy rests primarily on industries, with Aerospace and transportation equipment being the main industries. Other popular industries in the state are fabricated metals, chemicals, printing and publishing, food products and electrical equipment. It is the only state in the Union with two Federal Reserve Banks, one in St. Louis and the other in Kansas City. Let's take a look at the 10 most profitable companies in Missouri.
Kansas City Southern Terminates Canadian National Railway Merger Agreement and Is Entering Into Merger Agreement with Canadian Pacific Railway
Kansas City Southern (NYSE: KSU) ("KCS") today announced that the Company's Board of Directors, in consultation with its financial and legal advisors, has unanimously determined that the acquisition proposal KCS received from Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) ("CP") on September 12, 2021 continues to constitute a "Company Superior Proposal" under KCS's pending merger agreement with Canadian National Railway Company (TSX: CNR, NYSE: CNI) ("CN"). KCS also announced that it entered into a waiver letter agreement today with CN under which CN agreed to waive the five-business day match period under the CN merger agreement and KCS agreed to terminate the CN merger agreement today.
Kansas City Southern Board of Directors Determines Proposal From Canadian Pacific Railway Could Reasonably Be Expected to Lead to a "Superior Proposal"
Kansas City Southern (NYSE: KSU) ("KCS") today announced that its Board of Directors has unanimously determined, after consultation with the Company's outside legal and financial advisors, that the unsolicited proposal received from Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") on August 31, 2021, to acquire KCS in a cash and stock transaction valued by CP at $300 per KCS share could reasonably be expected to lead to a "Company Superior Proposal" as defined in KCS's merger agreement with CN (TSX: CNR) (NYSE: CNI).
Kansas City Southern Adjourns Special Meeting of Stockholders until September 24, 2021
Kansas City Southern (NYSE: KSU) ("KCS") today announced that it has adjourned the Special Meeting of Stockholders (the "Special Meeting") for KCS stockholders to vote on the previously announced definitive merger agreement with CN (TSX: CNR, NYSE: CNI) and other proposals until 9:00 a.m., Central Time, on September 24, 2021. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 remain entitled to vote their shares at the Special Meeting.
CN Issues Statement in Response to Surface Transportation Board Decision
CN (TSX: CNR, NYSE: CNI) today issued the following statement in response to the recent decision by the Surface Transportation Board ("STB") in relation to CN's proposed combination with Kansas City Southern (NYSE: KSU) ("KCS"):