KCS broke a number of financial records in 2017, including revenues, operating income and operating ratio. KCS turned over $2.6bn in the year. Its operating income grew 13% to $922m, with its operating ratio standing at 64.3%. Its reported net income was $964m, up from $480m in 2016.
In the fourth quarter alone, KCS had revenues of $600m, up 10% year-over-year and operating income of $238m, up 13%.
By vertical sector, KCS saw volumes increases in Chemicals & Petroleum (+6%), Industrial & Consumer Products (+4%), Energy (+15%), Intermodal (+2%) and Automotive (+17%). The number of carloads of Agriculture and Minerals decreased by 3%. However, revenue growth was seen in each segment.
President and Chief Executive Officer Patrick J. Ottensmeyer, stated: “Looking ahead to 2018, we believe KCS is positioned to maintain its growth momentum driven by unique franchise opportunities, a strengthening economy and a focus on cost control. We expect to continue leveraging the investments made in our network to grow our business, ensure good customer service and maximize shareholder returns.”
Source: Kansas City Southern
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