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More News from 4/30/2018
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Kansas City Southern yesterday announced a new weekly intermodal service between the Port of New Orleans and Wylie, Texas, will begin in May.
The Class I previously offered intermodal service in the lane, but it was discontinued following Hurricane Katrina in 2005.
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Kansas City Southern reported record first-quarter 2018 results, including a 5 percent increase in revenue and a 4 percent hike in operating income compared with last year's first quarter, the Class I announced today.
KCS' revenue in the quarter rose to $639 million from $609.5 million a year ago. The Class I posted record Q1 diluted earnings per share (EPS) of $1.40, up 1 percent, and record Q1 adjusted diluted EPS of $1.30, up 11 percent over Q1 2017.
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Contact Progressive Railroading editorial staff.
© © Trade Press Media Group, Inc.
Contact Progressive Railroading editorial staff.
© © Trade Press Media Group, Inc.