may 14, 2010 - acacso. founded in 1906 purpose (from 1906 articles of association): “to...

May 14, 2010 - ACACSO

Spotlight on Kansas City Terminal Railway

Origins

Founded in 1906 Purpose (from 1906 Articles of

Association): “to construct or acquire, maintain and operate a

standard broad gauge railroad, with one or more tracks. . . of the length of ten miles or thereabouts. . . to a point of connection with other railroads now or hereafter constructed. . .”

“also switch or spur tracks necessary and convenient for the operation of said line and to connect it with the industries or business concerns now or hereafter established along, adjacent to or in the vicinity of said main lines. . .”

Origins

Purpose (continued): “to construct, establish, maintain and

operate a Union Station for passengers or freight depots, or for both”

“to take and hold such real estate and railroad and other property as it may acquire by conveyance or by condemnation”

Origins

KCT’s 12 Owners in 1910 The Atchison, Topeka an Santa Fe Railway Chicago, Milwaukee and St. Paul Railway The Chicago, Rock Island and Pacific Railway St. Louis and San Francisco Railroad Union Pacific Railroad The Chicago and Alton Railroad The Wabash Railroad Missouri, Kansas and Texas Railway The Missouri Pacific Railway Chicago, Burlington and Quincy Railroad The Kansas City Southern Railway Chicago Great Western Railroad

Union Station

Opened in 1914 850,000 Sq. Feet Passenger traffic peaked in 1945 at

nearly 700K Housed KCT offices through the

1980s Deeded to the city in 1994 Redeveloped via a bi-state sales tax

passed in 1996

1994 Rationalization

Track and signal maintenance contracted to Santa Fe

Switching services and yard/industry track assigned to Gateway Western

Majority of KCT employees transfer to ATSF or GWWR rolls

Dispatching, real estate and contract management become KCT’s main focus

1998 Sheffield Flyover Project

3.2 miles elevated, double-track corridor on the east side of Kansas City, MO

$75M in bonds issued through a new Transportation Corporation in cooperation with the Missouri Highway Commission

Bonds guaranteed by BNSF & UP Completed in 2000

2001 Highline/Kaw River Bridge Rehabilitation

Double-deck, double-track bridge spanning the Kansas River

Part of structure originally built in 1911

Spans in both Kansas and Missouri One of UP’s primary coal routes Financed through $57M bond

offering Bonds guaranteed by the UP Completed in 2004

2001 Argentine Connection Project

• Effectuated 3-level grade separation on KCT property just east of BNSF’s Argentine Yard

• Spans in both Kansas and Missouri• Part of BNSF’s Transcon corridor• Financed through $59M bond offering• Bonds guaranteed by the BNSF• Completed during 2004

Switching Operation

KCTL formed Began operations on March 1, 2006

upon expiration of 1994 GWWR agreement

Contract with Watco to perform switching services and maintain yard and industry track

Serve 30 customers including Proctor & Gamble, Advantage Metals (Nucor) and International Paper

Switching Volumes

Jan-

08

Apr-0

8

Jul-0

8

Oct-0

8

Jan-

09

Apr-0

9

Jul-0

9

Oct-0

9

Jan-

10

Apr-1

0 -

500

1,000

1,500

2,000

2,500

Carloads

KCT Today

Ownership UP 42% BNSF 25% KCS 17% NS 8% IC&E/CP 8%

KCT Today

95 track miles 20 Employees (14 in dispatching) 2009 Revenue of $38M

$17M - joint facility reimbursements $13M - special project assessments $8M - switching revenue

$205M assets $165M net PP&E

KCT Today

As KCT progresses in its second century of operations, it continues to strive to expedite rail traffic in the most safe, efficient and cost-competitive manner to ensure the future success of its owners, customers and other stakeholders. As always, at the KCT, our motivations are driven by SAFETY FIRST.

Thank youQuestions?