Title: MIKE'S BIG RAILROAD : REMEMBER THE LITTLE KANSAS CITY SOUTHERN? NOW IT'S IN MEXICO, AND A TRANSCONTINENTAL PLAYER, TOO.
Abstract: This article details the expansion of the Kansas City Southern (KCS) railway from a small line to an operator with transcontinental and international ambitions. Starting in 1995, its new president Mike Haverty has stitched together different services and plans that have resulted in an Atlanta-California transcontinental corridor in partnership with Norfolk Southern and Burlington Northern Santa Fe, majority ownership of Mexico's largest railroad with the prospect of full ownership, and a partnership with Canadian National. The need to pay down debt to make the Mexico purchase possible has led to deferred investment in long-term capital projects such as switch automation and connecting up sidings on the convoluted transcontinental route. Key to its current prospects are a new Western terminal established in Dallas; an intermodal contract from Norfolk Southern, direct connections across the Mexico border and a subsidiary in Panama that allows KCS to ship freight from ocean containerships too large to pass through the canal. As KCS awaits developments from the major lines, it cultivates its presence in anticipation of making a good takeover candidate in the future.
Publication Year: 2003
Publication Date: 2003-08-01
Language: en
Type: article
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