{"id":418209,"date":"2021-01-20T17:02:23","date_gmt":"2021-01-20T22:02:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=418209"},"modified":"2021-01-20T17:02:23","modified_gmt":"2021-01-20T22:02:23","slug":"kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\/","title":{"rendered":"Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas <\/b><\/p>\n<p>KANSAS CITY, Mo.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nKansas 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\u2019 David L. Starling Wylie Intermodal Terminal.\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p>\n\u201cKCS is pleased to enter into this agreement with NorthPoint Development for the Wylie Logistics Park,\u201d said KCS vice president chemical and energy products Ginger Adamiak, who also leads the company\u2019s industrial development team. \u201cWylie 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.\u201d\n<\/p>\n<p>\n&#8220;We are extremely bullish on the opportunities that the Wylie Logistics Park offers,\u201d said NorthPoint Development president\/founding partner Chad Meyer. \u201cWylie 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.&#8221;\n<\/p>\n<p>\nKCS\u2019 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.\n<\/p>\n<p>\n\u201cThe Wylie Logistics Park is ideal for customers looking to combine logistics and real estate in one location,\u201d said KCS vice president intermodal and automotive Rodrigo Flores. \u201cLocating 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\u2019 U.S. and Mexico rail network.\u201d\n<\/p>\n<p>\nInterested parties are encouraged to learn more by watching the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fyoutu.be%2FRxbwWqQeMe8&amp;esheet=52365026&amp;newsitemid=20210120005739&amp;lan=en-US&amp;anchor=Wylie+Logistics+Park+video&amp;index=1&amp;md5=7f1b7ee0500c3d1fb909d5e4b87ed81d\">Wylie Logistics Park video<\/a> or contacting Chris Carucci at 816-983-1544 or <a rel=\"nofollow\" href=\"mailto:ccarucci@kcsouthern.com\">ccarucci@kcsouthern.com<\/a> or Chad Meyer at 816-888-7380 or <a rel=\"nofollow\" href=\"mailto:cmeyer@northpointkc.com\">cmeyer@northpointkc.com<\/a>.\n<\/p>\n<p>\nHeadquartered 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 L\u00e1zaro C\u00e1rdenas, 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&#8217; 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kcsouthern.com&amp;esheet=52365026&amp;newsitemid=20210120005739&amp;lan=en-US&amp;anchor=www.kcsouthern.com&amp;index=2&amp;md5=32829b43ee3284e24039574c2c9819f0\">www.kcsouthern.com<\/a><\/p>\n<p><b>Forward-Looking Information<\/b><\/p>\n<p><i>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 &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;likely,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;believes&#8221; 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\u2019s business, suppliers, consumers, customers, employees and supply chains; rail accidents or other incidents or accidents on KCS\u2019s rail network or at KCS\u2019s 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\u2019s subsidiary, Kansas City Southern de M\u00e9xico, S.A. de C.V.; domestic and international economic, political and social conditions; disruptions to the Company\u2019s 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&#8217;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.<\/i><\/p>\n<p><i>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.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210120005739r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210120005739\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210120005739\/en\/<\/a><\/span><\/p>\n<p>\nC. Doniele Carlson, 816-983-1372, <a rel=\"nofollow\" href=\"mailto:dcarlson@kcsouthern.com\">dcarlson@kcsouthern.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Missouri Kansas Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Trucking Rail Maritime Air Transport Other Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210120005739\/en\/264513\/3\/02-18-2011_newest_3-logo_updated.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas KANSAS CITY, Mo.&#8211;(BUSINESS WIRE)&#8211; 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\u2019 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. \u201cKCS is pleased to enter into this agreement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-418209","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas KANSAS CITY, Mo.&#8211;(BUSINESS WIRE)&#8211; 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\u2019 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. \u201cKCS is pleased to enter into this agreement &hellip; Continue reading &quot;Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-20T22:02:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210120005739r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas\",\"datePublished\":\"2021-01-20T22:02:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\\\/\"},\"wordCount\":1109,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210120005739r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kansas-city-southern-and-northpoint-development-to-develop-220-acre-wylie-logistics-park-in-texas\\\/\",\"name\":\"Kansas City Southern and NorthPoint Development to Develop 220-Acre Wylie Logistics Park in Texas - 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Starling Wylie Intermodal Terminal. 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