(Source: Freight Waves, July 17, 2020)
CHATTANOOGA, Tenn. — Kansas City Southern’s second-quarter revenue dipped 23% amid a 21% drop in carload volumes. Revenue in the second quarter of 2020 totaled $547.9 million, down 23% from the same period in 2019 as demand slumped because of the coronavirus pandemic, the railroad said early Friday, July 17. Second-quarter net profit was $110.3 million, or $1.16 per diluted share, compared with $129.1 million, or $1.28 per diluted share, in the second quarter of 2019. Its operating ratio was 67.1%.
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