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Kansas City Southern Reports First Quarter Results


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 expenses were $453.0 million. Operating income was $253.0 million and the reported operating ratio was 64.2%. First quarter net income was $153.4 million, or $1.68 per diluted share. Adjusted first quarter operating income, net income and diluted earnings per share were as follows: ....

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Overseas Shipholding Group Announces the Release of Its 2020 Sustainability Report


Press release content from Business Wire. The AP news staff was not involved in its creation.
Overseas Shipholding Group Announces the Release of Its 2020 Sustainability Report
April 14, 2021 GMT
TAMPA, Fla. (BUSINESS WIRE) Apr 14, 2021
Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has published its Sustainability Report for the fiscal year ended December 31, 2020. The report includes information relating to the Company’s efforts on environmental, social, and corporate governance practices over the years and specifically during 2020. The Sustainability Report can be found on the Company’s website at www.osg.com/safety-environment.
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LM Energy Launches Open Season for Extension of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin


Press release content from Business Wire. The AP news staff was not involved in its creation.
LM Energy Launches Open Season for Extension of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin
April 12, 2021 GMT
DALLAS (BUSINESS WIRE) Apr 12, 2021
LM Energy Holdings, LLC (“LM Energy”) today announced that one of its subsidiaries, LM Touchdown Crude III, LLC (“LM Touchdown”), has launched a binding open season to obtain commitments to support the continued growth of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin. The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico. The binding open season commenced today, April 12, 2021 at 8 a.m. Central time and is scheduled to conclude at 5 p.m. Central time on May 12, 2021. ....

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Avetta Announces Two Executive Appointments: Tom McNamara as COO, and Jeff Byal as CFO


Press release content from Business Wire. The AP news staff was not involved in its creation.
Avetta Announces Two Executive Appointments: Tom McNamara as COO, and Jeff Byal as CFO
April 12, 2021 GMT
OREM, Utah (BUSINESS WIRE) Apr 12, 2021
Avetta, the leading provider of supply chain risk management software, announced two key executive appointments: Tom McNamara as Chief Operating Officer, and Jeff Byal as Chief Financial Officer.
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In his new role, McNamara will lead sales, marketing, the supplier network and professional services. With his experience in building high-performing teams, delivering aggressive growth and leading organizational transformation, he will align Avetta’s employees, processes and systems to match the company’s rapid expansion. ....

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