Old 11-04-2005, 02:23 PM   #1
Senior Member
J's Avatar
Join Date: Jan 2004
Posts: 532
Default KCS / TFM buy 75 SD70MAC Units

KCS Announces Subsidiaries' Locomotive Purchase
Thursday November 3, 10:25 am ET
KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 3, 2005--Kansas City Southern (KCS) (NYSE:KSU - News) today announced that its wholly owned subsidiary, The Kansas City Southern Railway Company (KCSR) and a Mexican affiliate have purchased 75 SD70MAC locomotives from El-Mo-Mex, Inc. for $32.625 million plus the assumption of approximately $95.9 million in debt and accrued interest. KCSR intends to sell all of the locomotives to an unaffiliated third party and enter into a long-term, leveraged lease of the locomotives.
"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 Michael R. Haverty.
J is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

All times are GMT. The time now is 09:05 AM.

Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.