New President and CEO E. Hunter Harrison is wasting no time in getting up to speed at CSX, projecting 25 percent year-over-year EPS growth for 2017, increasing quarterly shareholder dividends and instituting a new $1 billion share repurchase program.
Kansas City Southern’s net income jumped 38.9 percent to $149.6 million for the quarter on revenues that grew 8.3 percent to $610 million compared with the same 2016 period, according to the company’s most recent financial statements.
The e-commerce provider will offer next-day delivery in Santiago and other major Chilean cities, with two-to-three-day delivery services across the rest of the country.
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Kansas City Southern (KCS) said in a statement it “respectfully disagrees” with a preliminary report from Mexico's Federal Economic Competition Commission (COFECE) that found a lack of competition between KCS and other operators in the country.
The Danish shipping giant has confirmed it is selling its Brazilian cabotage subsidiary Mercosul Line in a preemptive move aimed at satisfying any potential competition concerns from Brazil’s Conselho Administrativo de Defesa Economica (CADE).
Despite historic consolidation, ocean shipping industry veterans skeptical underlying fundamentals have shifted.