Exhibit 99.1


KCS Renames  Mexican  Railroad  "Kansas City Southern de Mexico,  S.A. de C.V.",
Announces Restructuring of Management; Changes Bring Closer Coordination between
U.S. and Mexican Companies and Improved Operations and Customer Service

Investors
William Galligan
816-983-1551
william.h.galligan@kcsr.com

U.S. Media
Doniele Kane
816-983-1372
doniele.c.kane@kcsr.com

Mexico Media
Gabriel Guerra
52-55-5208-0860
gguerra@gcya.net


Kansas City,  Mo.,  December 5, 2005 - Kansas City  Southern  (KCS) (NYSE:  KSU)
today  announced  that it has changed the name of its Mexican  subsidiary,  TFM,
S.A. de C.V., to "Kansas City Southern de Mexico, S.A. de C.V." (KCSM). KCS also
announced that it is combining the  management of certain  marketing and support
services for its U.S. and Mexican railroads, as well as other management changes
at KCSM.

The new name communicates to various audiences the common ownership and seamless
marketing of services on both sides of, and across, the U.S.-Mexican  border. It
also  communicates  KCS' pride in its Mexican  railroad  and its  commitment  to
Mexico.

By combining the management of marketing and support services,  KCS will promote
close coordination  between the U.S. and Mexican operations as the company moves
forward on the  significant  international  opportunities  made  possible by the
recent full acquisition of KCSM.

The  integration  of many of the  marketing  and support  services  for U.S. and
Mexican  operations  has already  begun.  In November  2005,  KCS  announced the
appointment  of  Richard  M.  Zuza,   senior  vice  president  of  international
purchasing and materials,  who is responsible  for purchasing for the entire KCS
enterprise.  The intermodal and automotive sales and marketing  functions of The
Kansas City Southern Railway Company (KCSR) and KCSM have been combined and will
be led by Michael J. Smith,  vice president  sales and marketing  intermodal and
automotive  business unit. The new combined group will focus on longer-haul  and
cross-border  traffic.  Likewise,  vice president and chief information  officer
Scott E. Arvidson will lead the  information  technology  function for both KCSR
and KCSM.  KCS plans to implement its  Management  Control  System (MCS) at KCSM
sometime next year, fully  integrating the two railroads'  operating  platforms.
Other marketing and support services will be combined over the next month.  Each
of these  steps  will  enable  KCS to  realize  better  efficiency  and ensure a
coordinated approach on cross-border opportunities.



Additional  management  changes to improve KCSM's operations will be implemented
upon the departure of KCSM's  current chief  executive  officer Javier Rion. Mr.
Rion will depart from KCSM  within the next three  months.  KCS will file a Form
8-K with the  Securities  and Exchange  Commission  (SEC)  regarding  Mr. Rion's
departure.  KCSM intends to begin a search for a new  president  who will report
directly to its board of directors.

As  part  of  this  restructuring,   Manuel  Zulaica  Lopez,  KCSM  director  of
operations,  will have direct responsibility to the KCSM board of directors.  He
will  continue to lead the KCSM train  operations  department  headquartered  in
Monterrey, Mexico.

"In the months  since KCS acquired  full  ownership  of KCSM,  we have  steadily
sharpened our focus on day-to-day  operations and customer service.  Javier Rion
has assisted us greatly  during our transition and helped us address a number of
management  challenges,"  said Michael R. Haverty,  KCS chairman,  president and
chief executive  officer.  "We intend to keep management of train  operations of
KCSM in  Monterrey  with  Mexican  management,  but we also want to realize  the
benefits of integration  in marketing,  information  technology,  purchasing and
other areas. The new management  structure  announced today will help us realize
our vision of a seamless  transportation  company  serving the  growing  markets
between Mexico and the U.S.," said Haverty.  Haverty is the chairman of the KCSM
board and will remain in that capacity going forward.

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.
holdings include KCSR and Texas Mexican Railway Company, serving the central and
south central U.S. Its international holdings include KCSM, serving northeastern
and central Mexico and the port cities of Lazaro Cardenas, Tampico and Veracruz,
and a 50% 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  are primary  components  of a NAFTA  Railway
system,  linking the commercial and industrial  centers of the U.S.,  Canada and
Mexico.