Exhibit 99.2

[GRAPHIC OMITTED]

Contact: William Galligan, 816-983-1551, william.h.galligan@kcsr.com

Kansas City Southern  Announces  Pricing of Common Stock  Offering by Grupo TMM,
S.A. Kansas City, Mo.,  December 4, 2006 - Kansas City Southern (KCS) (NYSE:KSU)
today  announced that Grupo TMM, S.A.  (Grupo TMM), has priced a public offering
of  1,494,469  shares of KCS' common  stock at $26.65 per share.  All shares are
being sold by Grupo TMM.

The  issuance  and  delivery  of the shares is  expected to occur on December 7,
2006,  subject to satisfaction  of customary  closing  conditions.  KCS will not
receive any proceeds from the offering.

Morgan Stanley & Co. Incorporated will be the sole book-running  manager for the
offering.  This offering is being made only by means of a prospectus.  Copies of
the  prospectus  and  records  relating  to  the  offering  may be  obtained  by
contacting Morgan Stanley & Co. Incorporated,  Prospectus Department, 180 Varick
Street, New York, NY 10014, or by email to prospectus@morganstanley.com.

This  announcement  shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state in
which such offer,  solicitation  or sale would be unlawful prior to registration
or qualification under the securities laws of any state.

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 KCSM, serving northeastern
and central Mexico and the port cities of Lazaro Cardenas, 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 are primary components of a NAFTA
Railway  system,  linking the  commercial  and  industrial  centers of the U.S.,
Mexico and Canada.

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