Kansas City Southern Generates Strong 63.5% Operating Ratio on Record 2Q Revenue
Kansas City Southern produced an excellent 63.5% operating ratio, leveraging 6% carload growth and 15% higher revenue versus the prior-year period. The 61.3% OR in the year-ago period benefited from a tax credit, so we consider the margin this period to have improved about 1 percentage point. We expect to increase our fair value estimate modestly as we tune our model to update full-year rate expectations and incorporate the time value of money since our prior update. We maintain our wide moat ra...Kansas City Southern is a transportation holding company with domestic and international rail operations in North America. The company's subsidiary, The Kansas City Southern Railway Company, is a United States Class I railroad that serves a several region in the midwest and southeast regions of United States and has north/south rail route between Kansas City, MO and several main ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi and Texas. The company's subsidiary, Kansas City Southern de Mexico, S.A. de C.V. operates a main commercial corridor of the Mexican railroad system and has as its main route a direct rail passageway between Mexico City and Laredo, TX.
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