EXHIBIT 99.1

                                                      PRESS RELEASE
[Graphic Omitted]


     DATE:       MARCH 22, 2004

     CONTACT:    Warren K. Erdman                         Phone: 816/983-1454
                 WARREN.K.ERDMAN@KCSR.COM


            ARBITRATION PANEL RULES IN FAVOR OF KANSAS CITY SOUTHERN
              FINDING AGREEMENT TO ACQUIRE GRUPO TFM STILL IN FORCE

Kansas City, MO: Kansas City Southern (KCS;  NYSE: KSU) announced today that the
panel of the AAA International Centre for Dispute Resolution hearing the dispute
between KCS and Grupo TMM, S.A. (TMM) issued its interim award on March 19, 2004
finding that the Grupo Transportacion  Ferroviaria Mexicana, S.A. de C.V. (Grupo
TFM)  Acquisition  Agreement  remains  in force and is binding on KCS and TMM in
accordance with its terms.  Under the Acquisition  Agreement,  KCS would acquire
all of the common shares of Grupo TFM. Grupo TFM owns all of the common stock of
TFM, S.A. de C.V., Mexico's premier freight railroad.

The  dispute  arose out of TMM's  attempt on August 22,  2003 to  terminate  the
Acquisition  Agreement following the vote of its shareholders'  against approval
of the April 20, 2003  Acquisition  Agreement.  The arbitration  panel concluded
that the rejection of the Acquisition  Agreement by TMM's  shareholders  did not
authorize  TMM's  purported  termination of the Agreement.  KCS and TMM will now
move on to the second phase of the arbitration,  which will decide the remaining
issues, including KCS's remedies and damages.

KCS is a  transportation  holding  company that has railroad  investments in the
United  States,  Mexico and  Panama.  Its  primary  holding  is The Kansas  City
Southern Railway Company (KCSR).  Headquartered in Kansas City,  Missouri,  KCSR
serves  customers in the central and south central regions of the U.S. KCS' rail
holdings and investments  are primary  components of a NAFTA Railway system that
links the  commercial and  industrial  centers of the United States,  Canada and
Mexico.


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