Kansas Metropolis Southern (KCS) (NYSE: KSU) introduced that it has submitted a dedication letter to the Science Based mostly Targets Initiative (SBTi) pledging to set a science-based greenhouse fuel emissions discount goal. KCS’ science-based goal will align with what local weather scientists say is required to fulfill the Paris Settlement objective of limiting world warming to nicely under 2°C above pre-industrial ranges.
Railroads are already some of the environment friendly modes of transportation. Transferring freight by rail as a substitute of truck reduces greenhouse fuel emissions by as much as 75 p.c. By committing to the SBTi, KCS is constructing on steps already taken to decrease its greenhouse fuel emissions, together with actions taken throughout its Precision Scheduled Railroading implementation to enhance gasoline effectivity and investments in fuel-saving applied sciences.
“Kansas Metropolis Southern has lengthy acknowledged the vital function that rail performs in reducing general transportation emissions,” said president and chief govt officer Patrick J. Ottensmeyer. “Our pledge to difficulty a science-based goal reinforces our dedication to additional enhancing gasoline effectivity and reducing emissions in help of a extra sustainable North American provide chain.”
Headquartered in Kansas Metropolis, Mo., KCS is a transportation holding firm that has railroad investments within the U.S., Mexico and Panama. Its major U.S. holding is The Kansas Metropolis Southern Railway Firm, serving the central and south central U.S. Its worldwide holdings embrace Kansas Metropolis 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 p.c curiosity in Panama Canal Railway Firm, offering ocean-to-ocean freight and passenger service alongside the Panama Canal. KCS’ North American rail holdings and strategic alliances with different North American rail companions are major parts of a singular railway system, linking the business and industrial facilities of the U.S., Mexico and Canada. Extra details about KCS might be discovered at www.kcsouthern.com
This information launch incorporates forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Trade Act of 1934, as amended and the Non-public Securities Litigation Reform Act of 1995. As well as, administration might make forward-looking statements orally or in different writing, together with, however not restricted to, in press releases, quarterly earnings calls, govt displays, within the annual report back to stockholders and in different filings with the Securities and Trade Fee. Readers can normally establish these forward-looking statements by way of such phrases as “might,” “will,” “ought to,” “possible,” “plans,” “initiatives,” “expects,” “anticipates,” “believes” or related phrases. These statements contain various dangers and uncertainties. Precise outcomes may materially differ from these anticipated by such forward-looking statements on account of various elements or mixture of things together with, however not restricted: public well being threats or outbreaks of communicable ailments, akin to the continued COVID-19 pandemic and its affect on KCS’s enterprise, suppliers, customers, clients, staff and provide chains; rail accidents or different incidents or accidents on KCS’s rail community or at KCS’s amenities or buyer amenities involving the discharge of hazardous supplies, together with poisonous inhalation hazards; legislative and regulatory developments and disputes, together with environmental laws; lack of the rail concession of Kansas Metropolis Southern’s subsidiary, Kansas Metropolis Southern de México, S.A. de C.V.; home and worldwide financial, political and social situations; disruptions to the Firm’s expertise infrastructure, together with its pc techniques; elevated demand and visitors congestion; the extent of commerce between america and Asia or Mexico; fluctuations within the peso-dollar trade price; pure occasions akin to extreme climate, hurricanes and floods; the end result of claims and litigation involving the Firm or its subsidiaries; competitors and consolidation inside the transportation trade; the enterprise atmosphere in industries that produce and use gadgets shipped by rail; the termination of, or failure to resume, agreements with clients, different railroads and third events; fluctuation in costs or availability of key supplies, specifically diesel gasoline; entry to capital; local weather change and the market and regulatory responses to local weather change; dependency on sure key suppliers of core rail tools; adjustments in securities and capital markets; unavailability of certified personnel; labor difficulties, together with strikes and work stoppages; acts of terrorism or threat of terrorist actions, struggle or different acts of violence; and different elements affecting the operation of the enterprise; and different dangers recognized on this information launch, in KCS’s Annual Report on Kind 10-Ok for the yr ended December 31, 2019, and in different studies filed by KCS with the Securities and Trade Fee.
Ahead-looking statements replicate the knowledge solely as of the date on which they’re made. KCS doesn’t undertake any obligation to replace any forward-looking statements to replicate future occasions, developments, or different info.
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Ashley Thorne, 816-983-1530, email@example.com