The Kansas City Southern's story is actually quite recent when compared to the railroad industry as a whole; the road's immediate ancestry began on January 8, 1887 with incorporation of the Kansas City Suburban Belt Railroad, promoted by Arthur Stilwell. ...
The deal, first reported by Bloomberg, stated KCS investors would receive 0.489 of a CP share and $90 in cash for each share they hold, valuing the stock at $275 apiece. The new railroad is a 19,200-mile network with nearly 20,000 employees and an annual revenue of about $8.7 billion...
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Shares of Kansas City Southern dropped 2.3% in premarket trade Monday, after the railroad company lowered its 2015 sales growth outlook because of lower carload volumes from the energy sector and continued weakness in the Mexican peso.foxbusiness...
which in turn purchased Kansas City Southern Railway through a two-for-one stock swap with its investors. "The prospects for significant growth in the railroad industry are lacking," the younger Deramus told the International Commerce Commission (ICC) in 1962, "and the interest of shareholders ...
Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week. KANSAS CITY SOUTHERN EXPECTED TO TERMINATE CANADIAN PACIFIC DEAL Kansas City Southern said Thursday that it...
KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de...
Kansas City Southern (NYSE: KSU) Q3 2020 earnings call datedOct. 16, 2020 Corporate Participants: Ashley Thorne—Vice President, Investor Relations Patrick J. Ottensmeyer—President and Chief Executive Officer Jeffrey M. Songer—Executive Vice President and Chief Operating Officer ...
inflation is something that we’re watching. You’re seeing high incremental cost and pricing in other modes of transportation. We’re certainly seeing inflationary pressures in the railroad and we basically will hold to the same premise that we’ve had in the past, which is that we will be...
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