Kansas City Southern saw a smaller third-quarter profit despite a gain in revenue. Last year’s numbers had included insurance recoveries from hurricane-related damage.
The Kansas City-based regional railroad operator (NYSE: KSU) on Friday reported earning $90 million, or 82 cents a share, during the three months that ended Sept. 30. By comparison, the company earned $99.8 million, or 91 cents a share, during the same period a year prior.
Overall revenue during the quarter rose 6 percent to $577.4 million. Total carloads increased 7 percent, including big gains for automotive, energy sources and intermodal, or shipping containers destined for flatbed trucks.