Page 6 - Patrickj Ottensmeyer News Today

Operator Good morning, and welcome to the Kansas City Southerns Second Quarter 2021 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce you to Ashley Thorne, Vice President, Investor Relations for Kansas City Southern. Ashley Thorne -- Vice President, Investor Relations Thank you, Jason. Good morning, and thank you for joining Kansas City Southerns second quarter 2021 earnings call. Before we begin, I want to remind you that this presentation contains forward-l...

With commitment to divest the small overlapping portion of lines with KCS, CN-KCS combination is now a fully end-to-end merger Filing details why...

CN to partner Kansas City Southern CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that they have entered into a definitive merger agreement to create the premier railway for the 21st century. Under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, KCS shareholders will receive $3252 per common share based on CN’s May 13, 2021 offer, which implies a total enterprise value of $33.6 billion, incl...

Kansan City Southern, Canadian National finalize railway merger The deal connects ports in Tamaulipas, Veracruz and Michoacán to the US and Canada Published on Monday, May 24, 2021 130shares Railway company Canadian National (CN) agreed to a US $33.6-billion deal to take over Kansas City Southern (KCS) on Friday, which will connect ports between Mexico, the United States and Canada with 42,000 kilometers of track. KCS transports freight from the ports of Tampico and Altamira in Tamaulipas, ...

KCS to CN: Proposal Accepted. (But is it Final?) KCS to CN: Proposal Accepted. (But is it Final?) Written by Railway Age Staff CN and Kansas City Southern (KCS) on May 21 entered into a definitive merger agreement that, barring an unexpected twist, ends weeks of a tug of war between CN and Canadian Pacific. Also on May 13, KCS had notified CP of its intent to terminate its merger agreement with CP and enter into a definitive agreement with CN, �...

Regulatory approval still needed for merger agreement. By 5/21/2021 Canadian National (CN) and Kansas City Southern (KCS) railroad companies today announced they have entered into a definitive merger agreement. Though still under review by federal regulators, the KSC and CN merger creates an express route that connects the U.S., Mexico, and Canada with a seamless single-owner, single-operator service, and preserves access to all existing gateways to enhance route choices ...

KCS Emissions Targets Greenlighted KCS Emissions Targets Greenlighted Written by Marybeth Luczak, Executive Editor KCS’s plan will reduce scope 1 and 2 GHG emissions intensity 42% per million gross ton-miles by 2034 from a 2019 base year. The Science Based Targets initiative (SBTi) has approved Kansas City Southern’s (KCS) greenhouse gas (GHG) emissions reduction targets that align with the Paris Agreement. They are “consistent with reduc...

KCS: Jeff Songer, John Orr in New Strategic Roles Jeff Songer (left) and John Orr Kansas City Southern (KCS), now in the midst of a merger with Canadian Pacific, has bolstered its executive leadership team with two strategic appointments: Jeffrey M. Songer in the new role of Executive Vice President-Strategic Merger Planning, and John F. Orr as Executive Vice President-Operations. Songer, formerly Executive Vice President and Chief Operating Officer and a 16-year KCS veteran, will now be prim...

Press release content from Business Wire. The AP news staff was not involved in its creation. Kansas City Southern Reports First Quarter Results April 16, 2021 GMT KANSAS CITY, Mo.--(BUSINESS WIRE)--Apr 16, 2021-- Kansas City Southern (KCS) (NYSE:KSU) reported revenues of $706.0 million, a decrease of 4% from first quarter 2020. Overall, carload volumes were down 1% compared to prior year. First Quarter 2021 First quarter revenues were $706.0 million, a decrease of 4% primarily resulting from l...

KCS: Challenging 1Q21, Improving Outlook KCS: Challenging 1Q21, Improving Outlook Written by Marybeth Luczak, Executive Editor “Although our first-quarter performance was impacted by several unique and challenging events, including the Polar Vortex, and lingering network congestion, our operating team is focused on improving operating metrics and customer service through PSR phase III,” President and CEO Patrick J. Ottensmeyer said. Kansas ...