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Press release content from Business Wire. The AP news staff was not involved in its creation.

Midstream Texas Operating to Build Transload Facility on Kansas City Southern Line in Corpus Christi, Texas for Export of Refined Products into Mexico

June 29, 2021 GMT

KANSAS CITY, Mo.--(BUSINESS WIRE)--Jun 29, 2021--

Kansas City Southern (KCS) (NYSE: KSU) and Midstream Texas Operating LLC (MTO) today announced a long-term commercial agreement to provide truck-to-rail transloading services for petroleum and petrochemicals from Corpus Christi, Texas into Mexico. Operations are expected to begin in fourth quarter 2021.

“KCS is looking forward to working with MTO to expand infrastructure to supply petroleum products to Mexico out of Corpus Christi. This new transload is strategically close to supply locations and to the border for expedient access to end markets,” said KCS vice president energy and chemical products Ginger Adamiak.

“This service expansion offers our customers proven transportation to an attractive market. We are delighted to link with MTO’s Ingleside terminal to offer seamless marine, truck and rail movements,” said David Vattimo, CEO of MTO.

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On property leased from KCS, MTO will construct a transload facility, including siding tracks and facilities for loading and staging of 200 rail cars per month in the initial phase. The site is readily expandable to eventually handle over 500 rail cars a month. Potential customers are invited to visit www.midstreamtx.com/ for more information.

About KCS

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

About MTO

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MTO owns and operates a 430,000-barrel petroleum terminal along the Intracoastal Waterway and is a portfolio company of White Deer, middle market private equity firm that invests in companies participating in the supply chain that supports the energy, industrials and infrastructure sectors.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210629005976/en/

CONTACT: KCS:C. Doniele Carlson, 816-983-1372,dcarlson@kcsouthern.com

MTO:Lou Zimmerman, 713-581-6940,lzimmerman@midstreamtx.com

KEYWORD: MEXICO UNITED STATES CENTRAL AMERICA NORTH AMERICA MISSOURI KANSAS TEXAS

INDUSTRY KEYWORD: TRUCKING RAIL MARITIME AIR OIL/GAS TRANSPORT ENERGY

SOURCE: Kansas City Southern

Copyright Business Wire 2021.

PUB: 06/29/2021 04:30 PM/DISC: 06/29/2021 04:32 PM

http://www.businesswire.com/news/home/20210629005976/en