Kansas City Southern Announces EVP Precision Scheduled Railroading Sameh Fahmy Will Leave the Company
October 13 2021 - 9:33AM
Business Wire
Kansas City Southern (KCS) (NYSE: KSU) announced today that
Sameh Fahmy, executive vice president precision scheduled
railroading will leave the Company by year end. During his tenure
at KCS, which began in January 2019, Mr. Fahmy led the Company
through its transformational implementation of Precision Scheduled
Railroading (PSR). Under his leadership, the KCS team produced
strong and sustainable results including:
- Measurable improvement to operating performance, including a
37% increase in train velocity and an 18% reduction in freight car
dwell;
- PSR initiatives driving double-digit reductions in equipment
and improvement to other productivity measures, resulting in
significant operating ratio improvement and $150M annualized
savings;
- Line of sight to additional savings and operational
efficiencies; and,
- A stronger and more resilient network that better supports KCS’
customers and positions the Company for future growth.
“I want to extend my recognition to Sameh for the contributions
that he has made since joining KCS in 2019,” stated Patrick J.
Ottensmeyer, KCS president and chief executive officer. “Sameh’s
focus, energy and passion for outstanding performance played a key
role in KCS’ success, and he is leaving behind a strong and capable
cross-functional team that he helped to recruit, develop and
mentor.”
“During my time at KCS, the team has transformed the Company
into a precision scheduled railroad,” stated Mr. Fahmy. “Together,
we have created a stronger, more resilient network while improving
the Company’s cost structure and enhancing customer service. I am
confident that KCS will continue building on the strong operational
foundation that was created during my tenure.”
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 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211013005729/en/
C. Doniele Carlson, 816-983-1372, dcarlson@kcsouthern.com
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