March 27, 2015

KCS announces Patrick J. Ottensmeyer as president

KCS_rail_logo

Kansas City Southern announced Feb. 20 that as part of its succession planning process, Patrick J. Ottensmeyer has been appointed president, effective March 1, 2015. He will continue to report to David L. Starling, who remains chief executive officer. Ottensmeyer is currently the company’s executive vice president and chief marketing officer. In his new role, [...]

Class I railroads release 4th quarter, annual earnings

In a press release Jan. 13, CSX announced record fourth-quarter and full-year financial results for revenue, operating income, net earnings and earnings per share. Net earnings for the railroad saw a 15 percent increase from $426 million from the same quarter last year to $491 million for the fourth quarter of 2014. Revenue for the [...]

KCSR starts training, data surveying of PTC

KCS_rail_logo

Kansas City Southern Railway Co. (KCSR) has begun employee training and data surveying as part of its effort to implement positive train control (PTC) by year’s end. Last week, employees began to receive training on PTC track and wayside data management at KCSR’s TEaM Training Center in Shreveport, La. About 160 workers were trained and [...]

Teen realizes dream of becoming train conductor

LISBON, N.Y. — A Lisbon Central School graduate is living his dream of working as a railroad conductor at age 19. Matthew House, a 2013 graduate of LCS, is now conducting trains in Kansas City. House has been fascinated by trains since age three and even formed a model train club while attending school in [...]

Class I railroads announce third quarter results

CSX_logo

In a press release Oct. 14, CSX announced record third quarter profits. The railroad said that operating income increased 16 percent and operating ratio improved 220 points. Operating income came in at $976 million with an operating ratio of 69.7 percent. CSX also saw volume increases of seven percent. Revenue increased to $3.2 billion, eight [...]

Class I railroads report 2nd quarter earnings

CSX Corporation announced record second quarter results with earnings coming in at $529 million or $0.53 per share. The second quarter of 2013 only saw $521 million or $0.51 per share. Revenue increased this quarter by seven percent to an all-time record of $3.2 billion. On the same token, the railroad saw record operating income [...]

Class I railroads report first quarter earnings

CSX reported to the public its first quarter 2014 earnings and dividend increase. The railroad announced net earnings of $398 million or $.040 per share. This is a decrease from last year’s first quarter reports of $462 million or $0.45 per share. However, revenue for the quarter grew two percent to $3 billion on volume [...]

Federal judge sides with KCS on cameras

KCS_rail_logo

In an opinion released July 25, the U.S. District Court in Shreveport, La., ruled that the decision by Kansas City Southern Railway to install two inward-facing cameras in the cabs of its locomotives presents a “minor” dispute under the Railway Labor Act, paving the way for the railroad to install the cameras immediately. The “minor” [...]

Class I railroads report 2nd quarter earnings

CSX Corporation announced July 16 second quarter net earnings of $535 million or $0.52 per share. For the second quarter of 2012, CSX earned $512 or $0.49 per share. According to these figures, CSX is up a profit of $23 million over last year’s earnings for the same quarter. CSX attributes these profits to overall [...]

Opinion: The camera never blinks

The following was written by former UTU Director of Public Relations Frank N. Wilner. “Here’s looking at you, kid,” is a cherished line from the movie Casablanca, but when the looking is through a hidden camera lens in the locker room or even visibly trained on crewmembers inside a locomotive cab, well, you won’t hear [...]