Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas
21 January 2021 - 8:59AM
Business Wire
Kansas City Southern (KCS) (NYSE: KSU) announced today that it
has entered into a joint agreement with NorthPoint Development to
develop the master planned Wylie Logistics Park in Wylie, Texas,
located adjacent to KCS’ David L. Starling Wylie Intermodal
Terminal.
The Wylie Logistics Park offers 2.4 million square feet of
potential building capacity for traditional warehousing and
distribution; industrial grade amenities; dual feed electrical
system with redundant power; as well as a heavy-haul road network
comprised of direct access to Highway 78 and the interstate system,
air and seaports, and a state-of-the-art intermodal terminal.
“KCS is pleased to enter into this agreement with NorthPoint
Development for the Wylie Logistics Park,” said KCS vice president
chemical and energy products Ginger Adamiak, who also leads the
company’s industrial development team. “Wylie is part of the Dallas
metro area, the fourth fastest growing industrial market in the
U.S., and Wylie offers a business-friendly environment, low taxes
and a double free port exemption.”
"We are extremely bullish on the opportunities that the Wylie
Logistics Park offers,” said NorthPoint Development
president/founding partner Chad Meyer. “Wylie is a supportive,
pro-business municipality partnering with a unique Class I
intermodal facility that has the best direct connectivity to the
growing east coast ports. Couple this with exceptional demographics
from an eCommerce demand and the great labor pool that this
development requires and you have all of the ingredients for a very
successful project."
KCS’ Wylie Intermodal Terminal opened in 2015 and expanded in
2018. It now offers track capacity of 19,000 feet and annual lift
capacity of 342,000, resulting in fluid and efficient availability
of containers and improved on-time arrivals and departures. The
terminal also boasts 1,800-wheeled parking spaces (with room to
expand); 300 container stack spots; an Automated Gate System (AGS)
with high definition imagery; optical character recognition and
biometric driver identification; enhanced traffic signals and
specific turn lanes.
“The Wylie Logistics Park is ideal for customers looking to
combine logistics and real estate in one location,” said KCS vice
president intermodal and automotive Rodrigo Flores. “Locating in
the park will provide tenants and customers significant cost
savings by reducing drayage from ramp to facility and providing
quick access to the regional interstate network. Customers will
also enjoy the environmental benefits of intermodal transportation
and connectivity to other intermodal and port facilities on KCS’
U.S. and Mexico rail network.”
Interested parties are encouraged to learn more by watching the
Wylie Logistics Park video or contacting Chris Carucci at
816-983-1544 or ccarucci@kcsouthern.com or Chad Meyer at
816-888-7380 or cmeyer@northpointkc.com.
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. More information about KCS can be found at
www.kcsouthern.com
Forward-Looking Information
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended and
the Private Securities Litigation Reform Act of 1995. In addition,
management may make forward-looking statements orally or in other
writing, including, but not limited to, in press releases,
quarterly earnings calls, executive presentations, in the annual
report to stockholders and in other filings with the Securities and
Exchange Commission. Readers can usually identify these
forward-looking statements by the use of such words as "may,"
"will," "should," "likely," "plans," "projects," "expects,"
"anticipates," "believes" or similar words. These statements
involve a number of risks and uncertainties. Actual results could
materially differ from those anticipated by such forward-looking
statements as a result of a number of factors or combination of
factors including, but not limited: public health threats or
outbreaks of communicable diseases, such as the ongoing COVID-19
pandemic and its impact on KCS’s business, suppliers, consumers,
customers, employees and supply chains; rail accidents or other
incidents or accidents on KCS’s rail network or at KCS’s facilities
or customer facilities involving the release of hazardous
materials, including toxic inhalation hazards; legislative and
regulatory developments and disputes, including environmental
regulations; loss of the rail concession of Kansas City Southern’s
subsidiary, Kansas City Southern de México, S.A. de C.V.; domestic
and international economic, political and social conditions;
disruptions to the Company’s technology infrastructure, including
its computer systems; increased demand and traffic congestion; the
level of trade between the United States and Asia or Mexico;
fluctuations in the peso-dollar exchange rate; natural events such
as severe weather, hurricanes and floods; the outcome of claims and
litigation involving the Company or its subsidiaries; competition
and consolidation within the transportation industry; the business
environment in industries that produce and use items shipped by
rail; the termination of, or failure to renew, agreements with
customers, other railroads and third parties; fluctuation in prices
or availability of key materials, in particular diesel fuel; access
to capital; climate change and the market and regulatory responses
to climate change; dependency on certain key suppliers of core rail
equipment; changes in securities and capital markets;
unavailability of qualified personnel; labor difficulties,
including strikes and work stoppages; acts of terrorism or risk of
terrorist activities, war or other acts of violence; and other
factors affecting the operation of the business; and other risks
identified in this news release, in KCS's Annual Report on Form
10-K for the year ended December 31, 2019, and in other reports
filed by KCS with the Securities and Exchange Commission.
Forward-looking statements reflect the information only as of
the date on which they are made. KCS does not undertake any
obligation to update any forward-looking statements to reflect
future events, developments, or other information.
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version on businesswire.com: https://www.businesswire.com/news/home/20210120005739/en/
C. Doniele Carlson, 816-983-1372, dcarlson@kcsouthern.com
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