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.

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