October 25, 2014

KCS first-quarter profit nearly doubles

Kansas City Southern’s first-quarter 2011 profit was almost double that of the first quarter 2010, the railroad reported April 22. This followed an 82 percent increase in profit for calendar-year 2010. The employee headcount remains constant at 6,080. The railroad did not indicate whether it would be increasing its headcount in 2011. The KCS first [...]

Railroads 2010: How sweet it was

How did major railroads perform in 2010? Reviewing their calendar-year and fourth-quarter profit statements, one wouldn’t know they were operating in the midst of a nationwide recession. Profits soared, stock dividends were raised and operating ratios improved. (Operating ratio — a railroad’s operating expenses expressed as a percentage of operating revenue — is considered by [...]

Leadership message: Jan. 18

Brothers and Sisters: We know our rail members employed by BNSF, CSX, KCS, NS and UP are anxious about the status of talks with the National Carriers’ Conference Committee (NCCC). The talks resume Jan. 22 in Jacksonville, Fla. It has been a year since the UTU and the NCCC held negotiations; and, in the interim, [...]