Kansas City Southern Joins Blockchain in Transport Alliance
April 27 2018 - 9:00AM
Business Wire
Kansas City Southern (KCS) (NYSE: KSU) announced today it has
joined the Blockchain in Transport Alliance (BiTA). BiTA was
founded to engage thought leaders within the transportation and
technology industries who have a shared vision of leveraging
blockchain technology within the supply chain with a goal of
developing a standard framework, educating the market and
encouraging its widespread adoption.
“KCS recognizes the potential of this technology to create
transparency and efficiencies throughout the supply chain to better
serve the interests of our shippers and partners,” said KCS senior
vice president operations support and chief information officer
Mike Naatz. “We are pleased to be among the group of transportation
and logistics leaders who are working to establish standards and
leverage the opportunities for all.”
About KCS
Headquartered in Kansas City, Mo., KCS 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.
About BiTA
The Blockchain in Transport Alliance (BiTA), founded in August
2017, is a forum for promotion, education and encouragement to
develop and adopt blockchain applications in the trucking,
transportation, and logistics industry. BiTA’s goal is for members
to participate, discuss, create and adopt industry standard uses of
blockchain applications and to provide clarity and direction for
the development of blockchain technology in the trucking industry
in a manner that will create efficiency, transparency and foster
trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20180427005103/en/
Kansas City SouthernC. Doniele Carlson,
816-983-1372dcarlson@kcsouthern.comorBiTADavid Bradford,
423-883-6890dbradford@bita.studio
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