Kansas City Southern (KCS) reported record operating income in its quarterly results released on Friday. At $239m, this represented a 8.8% increase against the second quarter of 2016. Its revenues for the quarter were also record-breaking. KCS turned over $656m, up 15.5% year-over-year.
Within four of its six operating segments KCS reported volume growth. Chemical & Petroleum, Industrial & Consumer Products, Energy and Automotive volumes were up 5.6%, 4.3%, 40.1% and 23.5% respectively. Revenue per unit in these segments was also higher. Intermodal and Agriculture & Minerals volumes fell 1.3% and 2.7% respectively. Overall though, carload volumes were up 5.6%.
Patrick J. Ottensmeyer, President and CEO of KSC, said, “Looking forward, the investments that we have made in our network and our ability to improve operational performance in a strong demand environment position our company for continued growth.”
Source: Kansas City Southern
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