Kansas City Southern Names Sameh Fahmy Executive Vice President Precision Scheduled Railroading
February 07 2019 - 8:00AM
Business Wire
Kansas City Southern (KCS) (NYSE:KSU) today announced the
appointment of Sameh Fahmy to the position of executive vice
president precision scheduled railroading. Mr. Fahmy will report to
KCS president and chief executive officer Patrick J.
Ottensmeyer.
"I am very pleased to announce that Sameh will lead the
implementation of principals of the Precision Scheduled Railroading
(PSR) methodology that are most applicable to the KCS network,"
stated Mr. Ottensmeyer. "Sameh’s knowledge of PSR, and demonstrated
ability to improve network efficiency and drive cost savings will
be an important asset to KCS. He will work alongside my executive
team to develop strategy and drive operational changes that will
result in sustainable improvements in customer service and cost
structure. These improvements will help us realize the tremendous
new business growth opportunities we have identified, while
enhancing profitability and shareholder returns.”
Mr. Fahmy brings strong experience implementing and operating
PSR networks. Recently, Mr. Fahmy served as a consultant at CSX,
where he worked alongside the late Hunter Harrison and the team he
left behind to optimize CSX’s mechanical and engineering
departments. Accomplishments at CSX include mechanical and
engineering expense reductions and an improvement in fuel
efficiency. Prior to CSX, he spent 23 years at Canadian National,
most recently as senior vice president engineering, mechanical and
supply management. During his tenure at Canadian National, he
oversaw the mechanical and engineering functions, improving their
safety record, reducing expense, train delays and increasing
freight car and locomotive availability. He also led a 4-year fuel
efficiency drive. Between his tenures at Canadian National and CSX,
Mr. Fahmy spent three years at GE Transportation in strategy,
product architecture and pricing.
“I am happy to be on the KCS team, which is clearly energized
and passionate about implementing the PSR model,” stated Mr. Fahmy.
“There is great opportunity at KCS to increase velocity, reduce
dwell, take out surplus assets and run a precision-scheduled and
service-oriented operation for our customers.”
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 with other North American rail partners are
primary components of a unique railway system, linking the
commercial and industrial centers of the U.S., Mexico and Canada.
More information about KCS can be found at www.kcsouthern.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190207005167/en/
KCS: C. Doniele Carlson, 816-983-1372, dcarlson@kcsouthern.com
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Jul 2023 to Jul 2024