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.
"USMCA is [the National Corn Growers Association's] top legislative priority for 2019 and we will be working closely with the administration and members of Congress to get it ratified."

The Shanghai Containerized Freight Index shows that spot container rates from Shanghai to North Europe stood at $684 per TEU as of March 22, while rates from Shanghai to the Mediterranean totaled $732 per TEU, down 4.2 percent and 2.1 percent, respectively, from a week prior.

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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

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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