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Rail Industry News

KCS’s Q4 2020 net income rises 30%

(Source: Freight Waves, January 22, 2021) CHATTANOOG, Tenn. — Kansas City Southern’s net profit for the fourth quarter of 2020 rose 30% over a year ago despite a 5% decline in revenue. Fourth-quarter 2020 net income was $165.7 million, or $1.80 per diluted share,...

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KCS eyes lower operating ratio

(Source: Freight Waves, January 23, 2021) CHATTANOOGA, Tenn. — Kansas City Southern expects to execute the third phase of its version of precision scheduled railroading (PSR) this year in a bid to lower the company’s operating ratio (OR) to the mid-50s by 2022. Full...

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KCS projecting double-digit growth in 2021

(Source: Trains.com, January 22, 2021) KANSAS CITY. Mo. — Kansas City Southern, which reported fourth-quarter and full-year earnings growth today, expects revenue to grow at least 11% this year as cross-border petroleum and intermodal traffic continue to soar. Full...

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Coronavirus challenges CSX’s Q4 2020

(Source: Freight Waves, January 22, 2021) CHATTANOOGA, Tenn. — CSX is not only eyeing a volume recovery in 2021 but also a recovery from the coronavirus among its workforce. As COVID-19 cases spiked after Thanksgiving across the U.S., so too did the number of CSX...

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Coronavirus infections hit KCS operations in Mexico

(Source: Trains.com, January 22, 2021) KANSAS CITY, Mo. — The coronavirus pandemic has hit Kansas City Southern de Mexico particularly hard, with up to 15% of the railroad’s train crews out on leave due to COVID-19. On a typical day, about 5% of train crews systemwide...

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What’s on rail operator KCS’s Mexico agenda

(Source: BN Americas, January 21, 2021) NEWARK, Del. — After investing US$167 million in its Mexican network last year, railway operator Kansas City Southern (KCS) will keep focusing on capacity projects this year. Full story: www.bnamericas.com

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Oberman to chair STB

(Source: Railway Age, January 22, 2021) NEW YORK — Martin J. Oberman was designated Chairman of the Surface Transportation Board (STB) on Jan. 21 by President Joe Biden. He was sworn in as an STB member on Jan. 22, 2019, and has held the Vice Chairman position since...

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CSX reports Q4 2020 financial results

(Source: CSX press release, January 21, 2021) JACKSONVILLE, Fla. — CSX Corp. today announced fourth quarter 2020 net earnings of $760 million, or $0.99 per share. These results include a charge of $48 million, or $0.05 per share after-tax, related to the early...

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KCS to help develop Texas logistics park

(Source: Kansas City Southern press release, January 20, 2021) KANSAS CITY, Mo. — Kansas City Southern (KCS) announced today that it has entered into a joint agreement with NorthPoint Development to develop the master planned Wylie Logistics Park in Wylie, Texas,...

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BLET News

Romney is not coal’s savior

By Dennis R. Pierce, BLET National President As you all know by now, BLET’s “Proud to be American, Proud to be Union” campaign has been part of a bigger National Division effort to increase member involvement in our union. Involvement in your union is involvement in your future and every member should take an active interest in both.

BLET mourns loss of Div. 42 President Brian Wheeler

Brian D. Wheeler, President of BLET Division 42 (St. Louis, Mo.), passed away following complications from a rare blood disorder known as myelodysplastic syndrome on Tuesday, October 16.

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