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Kansas City Southern recently took ownership of an industrial lead track between its mainline near Gulfport, Miss., and a DuPont plant in Delisle, Miss., after a 25-year financing agreement expired.

In 1977, KCS predecessor Illinois Central Gulf Railroad Co. reached the agreement with the Harrison County Development Commission to cover costs associated with building, maintaining and operating the 13-mile industrial spur. The commission issued industrial revenue bonds and KCS serviced the bond debt by making per-carload payments for the agreement's 25-year term.

By obtaining the track for free — the spur's undepreciated book value stood at zero dollars — the Class I maintains direct access to an important customer, has the opportunity to serve other shippers and reduces costs by ending the per-car payments, KCS officials said in a prepared statement.

The railroad currently moves an average of 770 carloads per month to and from DeLisle.