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Rail News: Rail Industry Trends

KCS subsidiary buys 75 locomotives


Today, Kansas City Southern announced subsidiary The Kansas City Southern Railway Co. (KCSR) and a Mexican affiliate recently purchased 75 SD70MAC locomotives from El-Mo-Mex Inc. for $32.6 million plus the assumption of $95.9 million in debt and accrued interest.

KCSR plans to sell the locomotives to a third party and lease the power under a long-term contract.

“This transaction is another step toward making KCS’ U.S. and Mexican operations more efficient, reducing costs and taking advantage of economies of scale,” said KCS Chairman, President and Chief Executive Officer Mike Haverty in a prepared statement.

Contact Progressive Railroading editorial staff.

More News from 11/3/2005