Kansas City Southern posts 2018 results

Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.

Kansas City Southern posts 2018 results

Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.

Kansas City Southern posts 2018 results

Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.

 
Kansas City Southern – a transportation holding company that has railroad investments in the U.S., Mexico and Panama – recorded a net income of $629.4 million for 2018, down from a net income of $963.9 million for 2017, when the company’s earnings were boosted by an income tax benefit.
    Income before income taxes totaled $886.9 million for 2018, up from $874.3 million for 2017.
    Revenues clocked in at $2.71 billion for 2018, up 5 percent year-over-year, amid a 2 percent increase in carload growth.
    Earlier this week, CSX posted a net income of $3.31 billion on revenues of $12.25 billion for 2018.
    Class I railway Canadian Pacific is scheduled to release its 2018 financial results on Jan. 23, followed by Union Pacific and Norfolk Southern on Jan. 24 and Canadian National on Jan. 29.

I am of the opinion that shippers should pray that lines are allowed to continue to operate alliances.

The Port of Virginia’s container volumes rose 10.1% year-over-year in May to 260,894 TEUs, which included 119,592 TEUs of loaded imports, 88,065 TEUs of loaded exports and 53,237 TEUs of empty containers.

Most Popular
Latest News
Social Media

Loading...

China Navigation buys Hamburg Süd’s bulk shipping arm

China Navigation buys Hamburg Süd’s bulk shipping arm

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

Kansas City Southern posts 2018 results

Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.

Jan 18, 2019 on Dec 27, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

Kansas City Southern posts 2018 results

Net income totaled $629.4 million for the year, while revenues reached $2.71 billion.

Jan 18, 2019 on Dec 27, 2018AmericanShipper.com