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Posts published in “Day: October 19, 2018”

UPDATE 3-Kansas City Southern profit soars, trade worry eases; shares climb

(Adds CEO comments on political climate) Oct 19 (Reuters - Railroad operator Kansas City Southern on Friday reported a 34 percent jump in quarterly profit even though network congestion hurt operations in Mexico, where the company has extensive services. Shares jumped 3.6 percent to $106.41 in early trading after Chief Executive Patrick Ottensmeyer said anxiety…

FRA’s Batory meets with PTC system suppliers

Rail News Home Federal Legislation & Regulation 10/18/2018 Rail News: Federal Legislation & Regulation FRA's Batory meets with PTC system suppliers Batory met with the suppliers to better understand the critical supply chain and supply industry's capacity to support the installation and testing requirements. Photo – FRA Federal Railroad Administrator Ronald Batory yesterday completed a…