Kansas City Southern Statement Regarding Mexican Economic Competition Commission Final Resolution on Effective Competition in...
March 08 2018 - 8:15AM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) confirmed that it has
received the Final Resolution handed down by the Panel of the
Mexican Economic Competition Commission (the "COFECE") in
connection with the investigation regarding effective competition
in the market for interconnection services, trackage rights and
switching rights used to provide railway freight public services in
the rail freight industry.
The Final Resolution dismisses the preliminary report issued by
the Investigating Authority of the COFECE along with its finding of
a lack of effective competition for interconnection services. The
Final Resolution represents the end of the investigation and no
further amendments or modifications may be made to the preliminary
report.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS)
(NYSE: KSU) is a transportation holding company that has railroad
investments in the U.S., Mexico and Panama. Its primary U.S.
holding is The Kansas City Southern Railway Company, serving the
central and south central U.S. Its international holdings include
Kansas City Southern de Mexico, S.A. de C.V., serving northeastern
and central Mexico and the port cities of Lázaro Cárdenas, Tampico
and Veracruz, and a 50 percent interest in Panama Canal Railway
Company, providing ocean-to-ocean freight and passenger service
along the Panama Canal. KCS' North American rail holdings and
strategic alliances are primary components of a railway network,
linking the commercial and industrial centers of the U.S., Mexico
and Canada. More information about KCS can be found at
www.kcsouthern.com
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version on businesswire.com: http://www.businesswire.com/news/home/20180308005631/en/
Kansas City SouthernAshley Thorne, 816-983-1530athorne@kcsouthern.com
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