Kansas City Southern brought in a record $616 million in the fourth quarter of 2013, and for the full year, revenue was a record $2.4 billion, the company reported Friday.
KCS attributes its fourth-quarter growth to increases in agriculture and mineral activity, and in intermodal. However, energy revenue declined by 17 percent, it said.
“The year 2013 proved to be another very good year for Kansas City Southern,” stated President and Chief Executive Officer David Starling. “We expect to maintain our excellent growth momentum in 2014 and beyond. As 2014 evolves, investors can expect to see positive developments in a wide-range of commodity groups, including intermodal, automotive, steel, and chemical and petroleum products. Particularly exciting is that growth in these areas, as well as the increase of crude oil traffic originating in Canada and terminating at various Gulf locations, should continue to ramp up over the next five years.”