On July 16, 1997, company founder Fey Orr died at 85. Vice President Kevin Stroo then took over as President of the KB&S until his death in 2009. Current President is Tyler Stroo. Vice-President is Neil Stroo.
The Kankakee, Beaverville and Southern is privately owned, and serves the various small communities it passes through and their primarily agricultural industries. In recent years it was considered unusual in that it continued to roster Alcodiesel locomotives decades after their builder's demise, and became all the more popular amongst railfans for it. However, in December 2003, the KB&S received a group of six EMDGP38-2M locomotives rebuilt from ex-New York Central RailroadGP40s. The railroad named each of these engines after employees.
The KB&S makes numerous connections to other railroads: