Kansas City Southern resolves dispute over payment for railroad

Kansas City Southern resolves dispute over payment for railroad Kansas City Southern said it has resolved a dispute with Mexican transportation company Grupo TMM over claims and escrows established in 2005 as part of its acquisition of railroad Grupo TFM S.A. de C.V. — now known as Kansas City Southern de Mexico.
   KCS will pay TMM $54.1 million in cash to retire two escrows valued at about $86.6 million on the company’s financial statements and to settle all claims between the two parties.
   Without this settlement, KCS could have owed an additional payout from an escrow of $40 million in 2010 payable in KSU shares.