Kansas City Southern Produced Another Record Revenue Quarter Even Amid System Congestion and Slowing
Kansas City Southern delivered record third-quarter revenue, up 6% from the prior-year period, but what stood out most to us was congestion in the Mexican network as well as expansion in cross-border freight. Results from the two other rails (CP and CSX) that already reported this period have been superb, so KCS’ relatively modest top-line growth and operational struggles pale by comparison.Terminal dwell time deteriorated from 21.6 hours in the prior-year period to 27.8 hours, and velocity dec...
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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