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NSC's Q3 revenue fell in the double digit percentage range. Management maintained margins via cost containment efforts. Industry rail traffic gained traction in December. Rail traffic should rebound after the economy reopens. Chatter suggests an activist investor could show intere...
DALLAS, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Tricolor , a tech-enabled Community Development Financial Institution (CDFI) and the nation’s largest used-vehicle retailer and lender for the Hispanic consumer, today announced the appointment of Kathryn Petralia and Antonio Garza to its...
The following slide deck was published by Kansas City Southern in conjunction with this event. For further details see: Kansas City Southern (KSU) Presents At Credit Suisse 8th Annual Virtual Industrials Conference - Slideshow
Kansas City Southern ([[KSU]] +0.8%) provides business update on Caltzontzin District:Service has resumed on December 1 after protests that blocked service to and from Port of Lazaro Cardenas during October and November.Reported volume 4QTD is -4% and rev -5%; excluding protests volume is +2%...
Kansas City Southern (KCS) (NYSE: KSU) announced in September that it would celebrate the 20 th anniversary of its KCS Holiday Express program and partnership with The Salvation Army with a fundraiser to benefit the Salvation Army in 20 communities on its U.S. rail network. To date ...
Kansas City Southern (KCS) (NYSE: KSU) President and Chief Executive Officer Patrick J. Ottensmeyer, and Executive Vice President Precision Scheduled Railroading Sameh Fahmy, will address the Credit Suisse 8th Annual Virtual Industrials Conference at 9:30 a.m. eastern time on Thursday, ...
The V-shaped recovery in the freight industry is evident in the latest update from Cass Information Systems. The Cass Freight Index increased 2.4% Y/Y in October to improve dramatically on last month's decline of 1.8%. Rail volumes were also positive during October. In freight pricing, the ti...
The following slide deck was published by Kansas City Southern in conjunction with this event. For further details see: Kansas City Southern (KSU) Presents At Stephens Annual Investment Conference 2020 - Slideshow
Any deal between Kansas City Southern (KSU), GIP and Blackstone has been "abandoned," CNBC's Faber said earlier today, which may not come as much of a surprise as the company laid out a new capital allocation program earlier this morning.That program called for $3B in buybacks and an increase...
Kansas City Southern (KSU) declares $0.44/share quarterly dividend, 10% increase from prior dividend of $0.40.Forward yield 0.95%Payable Jan. 20; for shareholders of record Dec. 31; ex-div Dec. 30.A new $3.0 billion share repurchase program, expiring December 31, 2023. This new program replac...
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The yearlong saga by Kansas City Southern (NYSE: KSU) to find a buyer came to an end on Dec. 14, when Canadian Pacific Railway (NYSE: CP) completed its deal to acquire Kansas City stock for $31 billion. But what happens next for the railroads is far from clear, and investors...
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&...
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...