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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 and ensure robust price competition, according to a CN press release. For perspective, KSC, the Kan...

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 reductions required to keep warming to well-below 2°C above pre-industrial levels,” KCS noted. SBTi—...

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 primarily focused on managing the  Canadian Pacific (CP)-KCS merger application process, which includes...

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 lower volumes, lower fuel surcharge, and fluctuations in foreign currency. First quarter operating ex...

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 City Southern’s first-quarter financials were slightly off from the prior-year period due to sever...