Lower revenue, Mexico problems hurt Kansas City Southern profit

10/18/16 Reuters

Regional U.S. railroad Kansas City Southern (KSU.N) on Tuesday reported a worse-than-expected quarterly net profit, weighed by falling freight volumes and disruptions stemming from anti-government protests in Mexico.

The railroad said that revenue in the third quarter was down 4 percent versus the same period in 2015.

The company saw revenue from its automotive business down 6 percent and revenue from intermodal, or consumer goods shipments, fall 7 percent, largely due to the Mexican service interruptions.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s