Railroad News

Kansas City Southern in late June released an update to its 2019 sustainability report.

Safety statistics shared annually in sustainability reports now will include data from KCS’ Mexican operations, the update states. Titled "For the Long Haul: Delivering Prosperity, Valuing People, Protecting the Planet,” the 2019 report now shows the Class I improved its consolidated reportable train accident frequency ratio by 26 percent and consolidated reportable injury frequency ratio by eight percent.

Kansas City Southern today reported record revenue of $731.7 million for the first quarter, an 8 percent increase from first-quarter 2019. Overall carload volume rose 4 percent compared to the same period a year ago.

KCS officials said the Q1 revenue growth was led primarily by an 18 percent increase in its chemicals and petroleum business, which was boosted by higher refined fuel products and liquid petroleum gas shipments to Mexico.

Kansas City Southern today reported fourth-quarter 2019 revenue rose 5 percent to $729.5 million compared with the same quarter a year ago, driven primarily by increases in chemicals, petroleum and industrial and consumer products.

However, fourth-quarter net income declined year over year to $127.2 million, or $1.30 per diluted share, from $161.1 million, or $1.59 per diluted share.