KCS gives end-of-year bonuses

Kansas City Southern (KCS) (NYSE: KSU) has announced that in response to congressional passage of The Tax Cuts and Jobs Act of 2017, it will immediately share some of the benefits with qualified, non-executive employees of its subsidiaries in the US and Mexico in the form of a one-time USD 1,000 bonus payable by the end of 2017, the company said.

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the US, Mexico and Panama.

Its primary US holding is The Kansas City Southern Railway company, serving the central and south central US 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 US, Mexico and Canada.