Tuesday, May 12, 2015

Hume, Drexel and Amsterdam included in new railroad project

Kansas City, Mo., May 12, 2015. Kansas City Southern (KCS) (NYSE: KSU) announced today that its U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), will invest approximately $15.6 million in 2015 on construction and improvement projects on the segment of the Pittsburg Subdivision
line from Kansas City to Stotesbury, Mo. These projects will help grow capacity, as well as maintain and enhance safety on KCS' cross-border network. This work will begin on May 26 and continue through the end of June. It will include the replacement of 1.75 miles of rail and 100,000 cross ties, as well as improvements to over 90 road crossings in the communities of Kansas City, Grandview, Cleveland, Drexel, Amsterdam, Hume and Stotesbury.

"KCS, through its U.S. and Mexican subsidiaries, continues to invest in capital projects to expand network capacity, keep maintenance in a regular and healthy cycle, and enhance the safety of our operation," said chief executive officer David L. Starling. "These investments also help us be an economic growth partner to our customers and the communities through which we operate." In Missouri, KCSR owns and operates 396 miles of railroad. In addition, KCSR provides service to an intermodal facility in Kansas City; the river ports of St. Louis and Kansas City and six transload facilities in the state. The KCSR network in Missouri serves as an effective transportation and logistics solution for shippers moving goods throughout North America.

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is KCSR, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.