Kansas City Southern Improves Operating Ratio 250 Basis Points to 3Q Record on Strong Pricing
Kansas City Southern grew third-quarter revenue a healthy 8.6% on a 2.6% volume increase, and set a third-quarter record 64.4% operating ratio to grow operating income a strong 17% from the prior-year period. Fuel tax credits aided the OR, offset somewhat by contending with Hurricane Harvey. We increased our fair value estimate to $105 from $100, with about half of the increase due to our updated expectations of slightly better 2017 pricing performance and the other half due to the time value of...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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