BNSF and KCS Form Marketing Alliance; Shippers to Benefit from Increased Competitive Options, Expanded Service.Business Editors and Transportation Writers
FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States, and voted one of "America’s Most Livable Communities. & KANSAS CITY, Mo.--(BUSINESS WIRE)--April 23, 2002
The Burlington Northern and Santa Fe Railway Company (BNSF BNSF Burlington Northern Santa Fe Corporation (railroad) ) and Kansas City Southern (KCS KCS
keratoconjunctivitis sicca. )(NYSE NYSE
See: New York Stock Exchange :KSU) today announced the signing of an agreement forming a comprehensive joint Marketing Alliance that would promote cooperation, revenue growth and extend market reach for both railroads in the United States and Canada.
The Marketing Alliance would also improve operating efficiencies for both carriers in key market areas, as well as provide customers with expanded service options.
BNSF and KCS will coordinate marketing and operations initiatives in a number of target markets. The two carriers are developing plans to enhance competitive options for shippers in the West Lake and West Lake Charles, Louisiana
Lake Charles can also refer to Lake Charles, Nova Scotia a lake in the Halifax Regional Municipality, Nova Scotia
Lake Charles , region. Similarly, BNSF and KCS will also coordinate operations to provide improved and extended service options for grain shippers and receivers. More broadly, the Alliance will allow BNSF and KCS to be more responsive to shippers' requests for rates and service, whenever mutually advantageous, throughout the two rail networks. Coal and unit train operations are excluded from the Alliance, as well as any points where BNSF and KCS are the only direct rail competitors.
BNSF and KCS also announced the resolution of a number of operational issues that will further enhance coordination and efficiencies between the two carriers.
"The complementary, end-to-end nature of the KCS and BNSF networks, together with our mutual customer focus and development of interline service products, makes this Alliance the basis for a natural partnership," said Matt Rose, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , BNSF. "We intend to use it to drive profitable growth to our railways."
"The combined resources of BNSF and KCS will provide both railroads with expanded access to important markets, while at the same time shippers will gain enhanced options and competitive alternatives," stated Michael Haverty, Chairman, CEO and President, KCS.
Through its subsidiary, The Burlington Northern and Santa Fe Railway Company, BNSF operates one of the largest railroad networks in North America, with 33,000 route miles of track covering 28 states and two Canadian provinces. BNSF is an industry leader in Web-enabling a wide variety of customer transactions. The railway moves more intermodal traffic than any other rail system in the world and is America's largest grain-hauling railroad.
KCS is a transportation holding company that has railroad investments in the United States, Mexico, and Panama. Its primary holding is the Kansas City Southern Railway The Kansas City Southern Railway (AAR reporting marks KCS) is a United States-based Class I railroad operating over 3,130 track miles in 12 central and southeastern states. Founded in 1887, the railroad provides the shortest route from Kansas City to the Gulf of Mexico. , which is headquartered in Kansas City, Missouri Kansas City is the largest city in the state of Missouri. It encompasses parts of Jackson, Clay, Cass, and Platte counties and is the anchor city of the Kansas City Metropolitan Area, the second largest in Missouri, which includes counties in both Missouri and Kansas. , and serves customers in the central and south central regions of the U.S. KCS's rail holdings and investments are primary components of a NAFTA NAFTA
in full North American Free Trade Agreement
Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's railway system that links the commercial and industrial centers of the United States, Canada, and Mexico.