Kansas City railroad reports record revenue, shipping increase

Kansas City Southern Locomotive MW 913 parked in Watts, Okla. | Courtesy of Creative Commons
Kansas City Southern recorded record revenue on the strength of its automotive shipments, among other factors. | Courtesy of Creative Commons

Kansas City Southern reported increased third-quarter profit and higher-than-expected revenue as it shipped more automobiles, grains and consumer products. The Kansas City-based railroad company earned $138 million during the three months that ended Sept. 30, up from a $119 million profit in the third quarter of 2013.

Overall, shipping volume climbed 4 percent in the quarter from a year earlier, led by a 28 percent increase in automotive shipments, the company said. Shipments of industrial and consumer products climbed 13 percent, while agriculture carloads gained 11 percent, mineral shipments climbed 8 percent, and chemical and petroleum business gained 7 percent.

The only category that declined was energy, which fell 4 percent because of a dip in utility coal and fracking sand shipments, the company said.

Read more from the Kansas City Star


Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students